• BuckFutter@timeyak.com
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    4 days ago

    $2.44 to buy, worth a $1 at face value. The grift that keeps on grifting. Wonder what it costs to make?

    • halcyoncmdr@piefed.social
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      4 days ago

      That’s pretty normal when you’re buying small amounts directly from the mint. You really only do that when you are looking to collect, and intend to hold them in mint condition until the value is increased from rarity years down the line.

      This isn’t particularly special other than the fact that the Mint is barred by law from making coins for living presidents. Well, until now of course because of Trump’s massively inflated ego, complete lack of self awareness, and ignoring laws.

      • Earthwormjim91@lemmy.world
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        3 days ago

        They’re actually not barred by law.

        The law prohibits putting a living person on paper currency, and another law prohibits putting a living person on the reverse side of coins. Nothing about the obverse side. It’s only tradition to not put a living person on coins.

        Calvin Coolidge appeared on the Sesquicentennial half dollar while he was president.

      • trebor_project@lemmy.zip
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        3 days ago

        “rarity years down the line” ain’t true of course. There is no reason to ever buy these as an investment.

      • BuckFutter@timeyak.com
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        4 days ago

        Ohh I don’t doubt it one bit, but he just went on a rant about how we had to get rid of the penny because it cost too much to make…curious which one it is here lol

        • A_norny_mousse@piefed.zip
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          4 days ago

          he just went on a rant about how we had to get rid of the penny

          well, there you go. Upcycling: 1 penny == 1 dollar == 2.44 dollars

          • BuckFutter@timeyak.com
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            4 days ago

            Hahaha love the use of the term upcycle, doubt they know what that means lol. Doesn’t that rhyme with inflation? 😂

    • ryathal@sh.itjust.works
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      3 days ago

      They learned to charge more after they accidentally “sold” coins at face value and people just bought them for credit card rewards.