Pitch the Penny
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Andrew C. Brod, Director, Center for Business & Economic Research (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: In 1982, the U.S. made a dramatic change in the composition of the one-cent coin, informally known as the penny. Pennies had always been primarily copper, except for 1943 when they were made of steel due to copper’s strategic importance during the war. But by the early 1980s, the price of copper had risen so much that the copper in a penny was worth more than a penny.
Pitch the Penny
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Created on 7/9/2006
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Additional Information
- Publication
- Brod, Andrew (2006). Pitch the Penny. Greensboro News & Record, July 9, 2006
- Language: English
- Date: 2006
- Keywords
- Penny, Retirement, Seigniorage