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The dollar has been devalued to such an extent that a penny — as in one hundredth of a dollar — can only buy a fraction of the metal needed to make a physical penny. Each coin takes significantly more than one cent to produce. picked by murrayrothbard 4 months ago tags inflation commodities economics |
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A penny, which consists of 97.5 percent zinc and 2.5 percent copper, cost 1.26 cents to make as of Tuesday. And a nickel -- 75 percent copper and the rest nickel -- cost 7.7 cents, based on current commodity prices, according to the Mint. picked by dollyllama 5 months ago 3 comments edit related share plime.com |
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Some dollar coins lack "In God We Trust." The mint promised it wouldn't happen again, but you know what? It happened again. picked by hisidea 1 year ago 3 comments edit related share plime.com |
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Ever tried to visualize a huge number, and fail? This site will help: "Visualizing huge numbers can be very difficult. People regularly talk about millions of miles, billions of bytes, or trillions of dollars, yet it's still hard to grasp just how much a "billion" really is. The MegaPenny Project aims to help by taking one small everyday item, the U.S. penny, and building on that ... read full post picked by thephrog 2 years ago 0 comments edit related share weird |
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The official inflation rate in Zimbabwe is running at 2,200,000%. In response to what this means to the prices of standard goods on shelves the Zimbabwean Treasury has announced they will be printing a one billion dollar bill. 9 comments edit related share worldThis would probably buy two loaves of bread. picked by pocksucket 3 months ago |
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