"This week the cost of the metals in a penny rose above 0.8 cents, more than twice the value of last fall. Because the government spends at least another six-tenths of a cent — above and beyond the cost of the metal — to make each penny, it will lose nearly half a cent on each new one it mints.Sort of a Money and Banking topic, but interesting even if not totally related to class.
The real problem could come if metals prices rise so high that it would be economical to melt down pennies for the metals they contain."
Wednesday, April 26, 2006
A Penny for Your Thoughts, and 1.4 Cents for the Penny - New York Times
A Penny for Your Thoughts, and 1.4 Cents for the Penny - New York Times: