0
In theory, a coin should contain metal equal in value to the face value of the coin. (Otherwise, you could make a nice profit buying coins, melting them down, and selling the metal.) For example, back when gold was $20 an ounce, a $20 coin was made of an ounce of gold. Back when the size of the penny was first established, copper did not have as much value as it does today and a copper coin of that size was worth approximately a penny. Copper is worth much more now so it would cost much more than $.01 to produce a penny. Pennies are now mostly zinc with a very thin copper plating for appearance. Even so, given the costs of production (equipment, employees, transport), it still costs more to produce a penny than it's worth.
This is why there have been suggestions to eliminate the use of the penny.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Who discoverded copper?
We do not know. Copper was discovered before we had writing to keep records. People have used copper for about 6,000 years.
Does a copper pan have to be treated before first use?
how to clean or treat copper pan before first use. Does it have some substance on it to keep it shiny that must be removed before use?
What are 1952 quarters made of?
Silver, but they now make quarters out of copper and nickel so if you have a quarter that was made before 1965 keep it!!
How long can I keep Bread flour before using it?
you have to throw the flour away after a year.
Do you have a schedule for car care past 120000 miles I have finished mine for my 1997 Legacy wgn and I want to keep the car in excellent running shape for the next several thousand miles?
Just keep using the very same schedule you were using before. I would also recommend you change the brake fluid at this time.Just keep using the very same schedule you were using before. I would also recommend you change the brake fluid at this time.
Can you crack eggs 24 hrs before using them?
Yes you can. Keep them well covered otherwise they'll dry out and keep them refrigerated.
Why are hot water tanks made out of copper?
keep heat in copper is a good heat conductor.
How do they keep sunflower seed shells out of finished product?
The de-husk them before using them for the product.
Why should you keep copper polished?
If you don't it will tarnish.
What can I use to cover pipes that are subjected to salt air?
If you're using copper or plastic pipe (pvc, abs, pex) then you don't have to worry about it. If you're using something ferrous, you'll need to keep the outsides lightly oiled.
What is an 1820 US one cent piece worth?
hundreds of $$. I'm still looking for a price though so keep a hold of it until i can find a place with a price list for a Pennie that old.
Which materials will keep water hot?
PEX pipe will keep it hot longer than copper.
