Heads : November 25, 2008

Image Data
File Name: 20D_68847
Model: Canon EOS 20D
Date: 11.25.08 12:53am
Focal Length: 59mm (94mm)
Shutter: 1/10 s
F-Stop: F11
ISO: 400
Program: Manual
Metering: Multi-segment


Comments: 1   Views: 377   Like/Fave (15)   Studio
« Previous | Next »

The physical handling and counting of pennies creates transaction costs that may be higher than a penny for every penny spent. Furthermore, as has been claimed for micropayments, due to mental transaction costs one penny may exceed the useful price granularity of almost all products and services sold over the counterógranularities of five or ten pence may be sufficient. Also, inflation periodically causes the metal value of pennies to exceed their face value, making them wasteful to mint. Several nations have stopped minting equivalent value coins, and efforts have been made to end the routine use of pennies in several countries, including Canada and the United States.

Comments (0)

Mark   11.25.08 8:19am  
Interesting factoid: Of all of the US coins currently in circulation, the penny has the least percentage of copper: nickel- 75%, dime, quarter, half dollar- 91.67%, Susan B Anthony dollar- 87.5%, Golden dollar- 88.5%, penny-2.5%! (97.5% zinc)

Leave a Comment

What is 4+4?
Please type the answer to this simple math question
to ensure you are a human & not a robot spammer.

Image Info

Location Map

 Recent Photos 

Blown Away
January 31, 2015
Turbo Booster
January 30, 2015
Boost Her
January 29, 2015
Her Dull
January 28, 2015
January 27, 2015

Photos By Date

.:: View All ::.

Last Commented

  02.09.2015 10:06am
It Takes Guts
  02.04.2014 9:37am
Bitty Fi
  09.15.2013 7:43pm
The Incident
  08.02.2013 9:05pm
  07.31.2013 8:47pm

Last Viewed

Browse by Tags

abstract abstrat animals architecture b&w beer clouds eyes fire flood flower flowers food football funny ice instrument landscape macro maui mirror model mountain mountains music night people plant plants reflect shadow silverware sky smoke snow sports still-life stop-motion symmetry tools transportation water wedding


Total Images: 2588
Total Comments: 1488
Last Image:
January 31, 2015

Facebook Twitter RSS FeedSubscribe

Photoblog Community
Cool Photoblogs
Photoblogs Review