no because no coins are made of pure copper or silver etc
I don't know about in England, but in the US the penny is worth more for the copper than the actual value of the coin.
our smallest coin in england is a penny and its made of cheap metal so the answer to your question is no, but im not an expert i could possibly be wrong, hope you have a nice weekend.
I'm not sure about England, but some countries that have had small denomination coins have taken them out of circulation because (in the case of N.Z.) - you don't need extra small coins to add for tax at the end (as taxes are included in the price of everything) and also the cost of the metal combined with the cost of production of the coins, made producing them uneconomical.
I believe, however, that England has still got its small denomination coins.
However, most countries also make special coins for collectors, these coins are not designed to go into circulation. But because they are legitimately coins of the realm, they can be used for that purpose if you chose to.
The problem with doing that is that, for example, a $5 coin that is made of 1oz pure silver is worth more than the face value, and the face value is all you'll get if you take it to the shop to buy a loaf of bread. Plus most shop assistants probably wouldn't be aware that they have to take it as legal currency.
With the pound being worth 2 for every one dollar, highly unlikely.
The US insists on making pennies, and the treasury loses money on them, except the USG knows that more then 75% of them don't go back into circulation, as they sit in jars and such.
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