So Stupid But So Necessary
Here is a fun fact for you:
Mainly because the price of zinc has soared in value, a penny now costs about 1.7 cents to produce. One-cent coins don't have much economic utility, as we all know. Most people don't even stop to pick them up if they see one on the ground. Apparently, if you stop to pick up a penny and it takes more than 6.15 seconds, that pays less than minimum wage. How much does that suck. Did you know that the U.S. stopped making half-cents in 1857, when a half-cent had significantly more purchasing power than a dime does today. You'd think they'd stop making pennies about now.
Mainly because the price of zinc has soared in value, a penny now costs about 1.7 cents to produce. One-cent coins don't have much economic utility, as we all know. Most people don't even stop to pick them up if they see one on the ground. Apparently, if you stop to pick up a penny and it takes more than 6.15 seconds, that pays less than minimum wage. How much does that suck. Did you know that the U.S. stopped making half-cents in 1857, when a half-cent had significantly more purchasing power than a dime does today. You'd think they'd stop making pennies about now.