The original penny, first produced in 1787 by a private mint, was made of 100% copper. This composition would continue into the 1800's. Tin and zinc were added to make the penny bronze, and eventually the tin was removed. A copper/zinc ratio of 95/5% was used until 198...
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...do not share the same support to keep the penny as Americans.
The value on the penny from Americans carries over to its charities. The small yet critical contributions helps raise millions of dollars each year for important causes. Pennies are easy to ask for, and easy to give. From the Ronald McDonald House and Leukemia & Lymphoma Society, to the local schools and teachers that raise money homeless shelters, soup kitchens and other charities (“Penny”).
As it stands today it doesn't seem that the penny will be going away anytime soon. As with most issues there are both sides, and legislators armed with their lobbyists. The economics may show that the penny is costing us money, but so is the nickel. So where does it end? This isn't the first time for this debate, and it is sure to have more than enough people giving their “two-cents worth” in the near future.
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