Pennies Lose Value

Friday, July 21st, 2006 at 10:36 AM | Category: Meryl's Notes Blog No comments

I started collecting pennies when I was in grade school. The Scholastic Book Fair arrived at my school where I found a three-fold penny folder. I have it in the house somewhere in a safe place. The folder resembles the one in the picture, except it’s brown and goes further back — maybe 1900? The folder had three panels containing a place for the penny along with a label of the year and mint mark, if any.

0307090302.01. SCMZZZZZZZ Pennies Lose ValueI came across many news reports stating a bill has been introduced to kill the penny. Apparently, the U.S. Mint reports that it costs more to produce a penny because the cost of zinc has gone up. Now it costs about 1.4 cents to produce a one cent penny.

No more something-99 products and everything will be rounded to the nearest five (up no doubt). The CNN Poll currently shows that 61% believe the penny should go bye-bye. Aw.

I still delight when I find a penny on the street. Are penny loafers going to be renamed nickel or dime loafers?

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