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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.

Additional Information

Publication
Brod, Andrew (2006). Pitch the Penny. Greensboro News & Record, July 9, 2006
Language: English
Date: 2006
Keywords
Penny, Retirement, Seigniorage