what caused the penny to decrease its value?

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what caused the penny to decrease its value?

2006-10-31 08:01:34 · 4 answers · asked by Anonymous in Social Science ➔ Economics

4 answers

Inflation

2006-10-31 13:09:22 · answer #1 · answered by eco101 3 · 0⤊ 0⤋

The penny's value has not decreased any more than any other American currency. The problems is that, due to increased production costs, it now costs the government 1.3 cents to make a penny.

2006-10-31 16:05:17 · answer #2 · answered by rico3151 6 · 2⤊ 0⤋

its more expensive to produce pennies and the price of copper has gone up

2006-10-31 16:08:56 · answer #3 · answered by mapassqadri 2 · 3⤊ 0⤋

when you could no longer buy a bar of choclate with it.

2006-10-31 16:12:50 · answer #4 · answered by guysmithdenise 3 · 0⤊ 0⤋