Coin clipping is a real thing. They removed the Penny from circulation, but they kept it in their ledger.
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It sounds like paranoia to me. I remember hearing the same when we stopped using the penny. A decade later there has never been any proof using actual data that it happens.
How would companies actually use this to their advantage, taking into account multiple products being purchased, and sales taxes modifying the end price? How is this coin clipping done?