Economy. Subscribe to me and add me as a friend to see more funny reposts!. PLASTIC PENNIES Set mu I‘ j’ . need new money.. that is no surprise materials to make a penny cost more then a penny. Economy Subscribe to me and add as a friend see more funny reposts! PLASTIC PENNIES Set mu I‘ j’ need new money that is no surprise materials make penny cost then
Upload
Login or register
Hide Comments
Leave a comment Refresh Comments (45)
[ 45 comments ]
> hey anon, wanna give your opinion?
asd
User avatar #1 - sumsar
Reply +36 123456789123345869
(07/03/2014) [-]
that is no surprise materials to make a penny cost more then a penny.
User avatar #30 to #1 - asche
Reply 0 123456789123345869
(07/04/2014) [-]
however, it is a surprise that despite this, we continue to make pennies
#2 to #1 - conorlockyer
Reply +3 123456789123345869
(07/03/2014) [-]
canada doesn't have pennies anymore
#3 to #2 - theruse
Reply -5 123456789123345869
(07/03/2014) [-]
How is that relevent to what he just said?
User avatar #4 to #3 - outlastgaming
Reply +5 123456789123345869
(07/03/2014) [-]
Because something worthless as a penny is a **** form of currency. It costs 1.83 cents to mint one cent in America. Its only our stupid resistance to change hehe... punny oh yeah, and this is why we haven't moved to metric yet that has kept us from dropping it like we did the ha'penny.
User avatar #20 to #4 - grrphc
Reply 0 123456789123345869
(07/04/2014) [-]
2.41* cents.
User avatar #21 to #20 - outlastgaming
Reply 0 123456789123345869
(07/04/2014) [-]
I believe that may be a statistic from a few years ago. I apologize if I have made a mistake. I will check again.
User avatar #22 to #21 - grrphc
Reply 0 123456789123345869
(07/04/2014) [-]
I just googled it because I was curious about what you said.

I can't believe we spent $169 million making $70 million worth of pennies.
User avatar #23 to #22 - outlastgaming
Reply +1 123456789123345869
(07/04/2014) [-]
Ah yes. You are correct. Just did a quick search of the US mint site. they report that it is indeed 2.41 cents to date. The interesting thing is that the Wikipedia article reports that the peak of 2.41 was in 2011 and it has since dropped to the number I used, 1.83, as of 2013. The fact that these two don't agree is fascinating.
User avatar #25 to #23 - outlastgaming
Reply 0 123456789123345869
(07/04/2014) [-]
So the US mint site is behind Wikipedia on the cost. They are using data from 2011, so too find a more current information on US currency you have to go to a website other than the US mint government website. Incredible. I am impressed by the thoroughness of the information on this single unit of currency that Wikipedia holds. Kinda makes me want to donate money to them.
US Mint Info: www.usmint.gov/faqs/circulating_coins/?action=faq_circulating_coin
Wikipedia Info: en.wikipedia.org/wiki/Penny_(UnitedStatescoin)#Metalcontentandmanufacturingcosts
User avatar #11 to #3 - biscuitsunited
Reply 0 123456789123345869
(07/03/2014) [-]
Because maybe this is a photo from Canada and since they don't have pennies, the toy pennies cost more?
#29 to #11 - Vercingetorix
Reply 0 123456789123345869
(07/04/2014) [-]
Canada had the Queen on the penny not Lincoln.
#15 to #11 - dargent
Reply 0 123456789123345869
(07/03/2014) [-]
There would most likely be french writing if it were in Canada.
#19 to #15 - foogermier
Reply +4 123456789123345869
(07/04/2014) [-]
A lot of ****** products from china sold in dollar stores don't have french writing, and if they do, its on the other side, so you wouldn't see it.
#9 - flamingpie
Reply +17 123456789123345869
(07/03/2014) [-]
I read this as plastic penises and I got worried. I then read the set of 100 part and got even more worried.
User avatar #33 to #9 - romanprinsonerr
Reply 0 123456789123345869
(07/04/2014) [-]
I'm glad I wasn't the only one
#6 - xboxfest
Reply -8 123456789123345869
(07/03/2014) [-]
I read that wrong.
I read that wrong.
#13 to #6 - morningpanda
Reply 0 123456789123345869
(07/03/2014) [-]
I mistook "economy" for "penis" too
User avatar #14 to #6 - xboxfest
Reply 0 123456789123345869
(07/03/2014) [-]
I think it's funny that something referencing the same thing as me is second to top comment and all I have is all these reds.
User avatar #24 to #14 - charagrin
Reply 0 123456789123345869
(07/04/2014) [-]
And that is why, you are whitename so I assume you are newish and will explain. If someone makes top comment referencing something, and you reference that same thing, even in a slightly different way, you are seen as a thump whore trying to milk off of someone else's accomplishment. I am not saying you were or not, just that that is how it is perceived.
User avatar #34 to #24 - xboxfest
Reply 0 123456789123345869
(07/04/2014) [-]
>Been here for 10 months
>Posted it an hour before the other.
#7 to #6 - fuckyeahxd
Reply +12 123456789123345869
(07/03/2014) [-]
Comment Picture
#8 to #7 - xboxfest
Reply -3 123456789123345869
(07/03/2014) [-]
User avatar #32 - pepemex
Reply -11 123456789123345869
(07/04/2014) [-]
100 pennies are $10 you retard
#36 to #32 - silenttortoise
Reply 0 123456789123345869
(07/04/2014) [-]
DEAR SWEET BABY JESUS.
#38 to #32 - othagovna
Reply 0 123456789123345869
(07/04/2014) [-]
Comment Picture
#40 to #32 - azraelthemage
Reply 0 123456789123345869
(07/04/2014) [-]
First of all, please tell me you're trolling. No one is this stupid.
Second, 100 pennies is $1.
Third, HOW CAN YOU BE THIS ******* STUPID!!?!?!
User avatar #39 to #32 - malhaloc
Reply +1 123456789123345869
(07/04/2014) [-]
Congratulations! You just qualified for the next empty seat in the senate!
#41 to #32 - gizmotechie
Reply +1 123456789123345869
(07/04/2014) [-]
Comment Picture
#42 to #32 - XxXRoxasXxX
Reply +1 123456789123345869
(07/04/2014) [-]
Holy ******* ****
User avatar #35 to #32 - mrblueftw
Reply +3 123456789123345869
(07/04/2014) [-]
you might want to check the definition on who is a retard and how many pennies make a dollar.
#31 - okaythen
Reply +2 123456789123345869
(07/04/2014) [-]
Yeah America sucks haha xD

This **** is really getting old.
#28 - kulamia
Reply 0 123456789123345869
(07/04/2014) [-]
OH man! It's almost as if this were play currency for children made by a private company which sets the price of their currency based off their fixed and variable costs, then sets reasonable goals of revenue and profit, whereas the US Government has no concern of making a profit.


In that case, there are several airsoft guns I know of that are more expensive than the real deals, so I had better 'get a new firearm' because this somehow has bearing on how the actual thing works.

For those unaware, printing money typically costs more than the actual currency is worth. This is NOT a problem. The Federal government is not looking to make a profit, they are looking to maintain a system of currency which holds a value( $1= x amount of gold, another thing which has value placed on it). These are mere markers to show that for your efforts in working you are able to accrue X amount of potential material wealth, how you spend it is up to you. Ask an Economist more.
#37 to #28 - numbertwopencil
Reply +1 123456789123345869
(07/04/2014) [-]
Unless I'm misunderstanding the underlying sentiment of your statement, and I apologize if I am...

but... there is zero physical material (gold, silver, etc) that "backs up" the dollar, we've been off the gold standard for like... 80+ years. Its a fiat currency, which means that its "backed" by the full faith and credit in the US government. Not to mention that money is more or less a loan from the Fed.


Now if you meant to say that the value is assigned by "perception", and that the value of gold is assigned by "perception" (which isn't entirely false, but you can't disregard scarcity... not to mention the price/value of gold, silver, commodities, and oil is mostly driven by speculation in the marketplace) as an illustration, then I apologize for the misunderstanding.
#45 to #37 - kulamia
Reply 0 123456789123345869
(07/04/2014) [-]
Yes, your definition is better. The perception of value, have a thumb.
#17 - anon id: 22c408ce
Reply 0 123456789123345869
(07/04/2014) [-]
some schools use these to teach kids about money. It's cheaper in the long run as plastic pennies get returned at the end of class, where as real ones wouldn't.
#16 - mexicanbean
Reply 0 123456789123345869
(07/04/2014) [-]
Comment Picture
#26 to #16 - mulletisha
Reply 0 123456789123345869
(07/04/2014) [-]
is that tobius funke?
User avatar #10 - okamiterasu
Reply 0 123456789123345869
(07/03/2014) [-]
I HATE PENNIES!!!! (Also Nickels.)
#5 - anon id: 5012d206
Reply 0 123456789123345869
(07/03/2014) [-]
lol in brazil our coins are made of copper/steel and it costs less than the coin itself
[ 45 comments ]
Leave a comment