Sunday, October 3, 2010
The Cost of a Penny!
Wait! What?!? Wowow!! That's amazing... yet I don't see how it's possible. Those were all statements I said when I found out how much it costs to make a penny. It costs........ $1.67 to make just one penny! ONE PENNY! That means that we're losing $1.66 every time we make a penny! The cost of a penny is largely decided by the materials used to make it. Pennies contain 97.5% zinc and 2.5% copper to give them their coppery color. Prices of these metals have risen dramatically since we're in a recession so I don't see a make in making pennies anymore... we're just losing a bunch of money!
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