The Financial Burden of the Penny

The penny: most people would rather toss it into convenience store trays or coffee shop tip bars than carry around in their pockets. It’s the coin most frequently seen laying on streets, sidewalks or parking lots.

While it might seem foolish to waste money (however small an amount), the public’s disregard for pennies is not as irrational as it sounds. In fact, it now costs more than one cent to produce a penny in the first place.

How did the penny came to cost more than its face value?

Mint.com

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