Hello nifty U.S. Penny.
There once was a copper penny made mostly of zinc who cost 1.79 other pennies to make and distribute. "Useless!" they say.
The penny is the ugly nieghbor down the street in a melting pot of nickels, quarters, dimes, and sacagawea dollars. He proudly wears the image of Abraham Lincoln (a notable US president) but only to make him feel good about himself. He's still worthless... or is he?
In 1980, the inflation rate of the Zimbabwe dollar was a high 7%. By 2008, the inflation rate was 231,150,888.87%. hmm..
The Zimbabwe dollar during this time took on three redenominations. So the Z$ in 1980 was worth 10^25 in 2008. (FYI - Zimbabwe now accepts almost all foreign currencies while they "wait" for their production outputs to increase. Good plan guys).
What does this mean? Well, if you had one penny in Zimbabwe and you wanted to buy some 1980 Z$'s, you'd have 100,000,000,000,000,000,000,000.00Z$'s.
One penny just purchased you a bunch of even more useless money. Congratulations.
"Well what else can I buy with my penny"? How about this: in some countries you can buy some fruit, a nifty hair clip, or some pencils.
Don't get sentimental yet! You don't live in Zimbabwe, you live in America.
Sure, you can donate your penny to some other country and make yourself feel good, but it's going to cost you $1.50 to ship it airmail. You're sunk.
Sure, you can donate your penny to some other country and make yourself feel good, but it's going to cost you $1.50 to ship it airmail. You're sunk.
Vending machines don't accept you, rappers don't use you in their music videos, your color is so 1980's and way out of fashion, we know you're made of cheap zinc, and you make my fingers smell funny after I hold you!
Keeping the down-trodden penny alive and well in our system just doesn't (here comes the pun) make cents.
And now I'll leave you with an impressive video of one of our more recent iconic American legends, Soulja Boy. Be impressed, very impressed (R rated FYI).









