"estimated 31 billion pennies that are still in circulation"
"The Finance Department of Canada estimates that melting down the metal from the pennies and reselling it in the industrial sector will bring in $42.5 million in revenue."
So, they're going to buy $310m worth of pennies, melt them down, and sell them for $42.5m? That doesn't seem like a worthwhile exercise.
"The Finance Department of Canada estimates that melting down the metal from the pennies and reselling it in the industrial sector will bring in $42.5 million in revenue."
So, they're going to buy $310m worth of pennies, melt them down, and sell them for $42.5m? That doesn't seem like a worthwhile exercise.