Most of these countries instituted a rounding system to the nearest 5 cents or their equivalent after removing their smallest denomination of currency and none of them saw a decrease in donations to charitable foundations after they chose to stop producing worthless coins. The story of the penny begins as a blank-slate zinc core to be sent to a minting factory to have Lincoln’s face plastered onto it. Afterwards, the newly made pennies are sent to banks to be exchanged to the hands of a store. Later a consumer enters the store and purchases enough goods to make the change from the transaction result in the consumer receiving pennies. Those pennies eventually are discovered to be unable to be spent anywhere, machines won’t take the penny and spending them at a store is simply a waste of time, so the pennies end up hiding in a jar alive to the economy yet dead to the
Most of these countries instituted a rounding system to the nearest 5 cents or their equivalent after removing their smallest denomination of currency and none of them saw a decrease in donations to charitable foundations after they chose to stop producing worthless coins. The story of the penny begins as a blank-slate zinc core to be sent to a minting factory to have Lincoln’s face plastered onto it. Afterwards, the newly made pennies are sent to banks to be exchanged to the hands of a store. Later a consumer enters the store and purchases enough goods to make the change from the transaction result in the consumer receiving pennies. Those pennies eventually are discovered to be unable to be spent anywhere, machines won’t take the penny and spending them at a store is simply a waste of time, so the pennies end up hiding in a jar alive to the economy yet dead to the