During the first 3 centuries AD, the Roman Empire produced coins in the Eastern provinces. Some historians argue that not all these coins were produced in local mints, and further that the mint of Rome struck some of them. Because the "style" of coins is difficult to analyze, the historians would like to use metallurgical analysis as one tool to identify the source mints of these coins. Investigators studied 11 coins known to have been produced by local mints in an attempt to identify a trace element profile for these coins, and have identified gold and lead as possible factors in identifying other coins as having been locally minted. The gold and lead content, measured as a % of weight of each coin, is given in the table at right, and a scatter plot of these data is presented below.…
The penny is the coin with the least value, one cent. Making this one cent coin cost way more than it is worth. It cost about two dollars and fourty one cents to make a penny while it is only worth one cent, says “Penny Wise, or 2.4 Cents Foolish?” Therefore, the United States is losing money. Is this coin worth losing $60.2 million a year? All that money wasted can go towards more important things if the penny wasn't made anymore.…
What two coins add up to 15 cents? a dime and a nickel (10 + 5 = 15)…
Caught up in our busy lives, Americans tend to take things for granted and fail to appreciate the little things in life. These little things have big meanings, and are much more important than we care to admit. For instance, we often pay little attention to small amounts of currency in the form of coins or more specifically, pennies.. We bustle around cities and schools and workplaces, fishing for cash to purchase a much-needed coffee or snack. Upon arriving to the cash register, we scramble into our wallets for a few pennies to reach the exact price value of our item. This has become a mindless habit, but some people have grown tired of the time wasted by penny-pinchers. However, these grumpy customers fail to recognize the depth…
“ A penny saved is a penny earned.” People do not realize that their is a history behind the changes of the penny. For instance Americans wanted to honor Lincoln’s birthday, but some Americans complained about the initials being too big, another reason for change was during World War II America needed supplies to use for battle. There is a history behind the penny that many people are unaware of.…
The penny is known for its copper features, and being worth a cent. The composition of the penny is not only copper, because other metals are used to make it. The penny is made of 97.5% zinc, and 2.5% copper. Zinc is a cheap metal but the total value of the penny is over a cent. There is eight tenths of a cent of zinc and three tenths of a cent worth of metal in an actual penny (1). These figures added up equal 1.1 cent and it is even higher when actual labor is included in the equation. America is losing money on every penny that is made. It does not take a business connoisseur to know something isn 't needed if the value is worth less than the construction. Why waste money on something not needed? America has enough problems, and wasting money should be our last desire, especially if pennies are worthless.…
In conclusion, hopefully you now notice the importance's of why the government should stop the production of pennies. If the production of pennies is not stopped, moreover America’s inflation in the economy will only become worse(Maria Story). Some artifacts, no matter how valuable, are just not worth keeping. The Chicago Tribune put it perfectly, “Time to kill the…
Pennies don’t put in their two cents for their place as a part of American currency. It’s not like they’re particularly useful. Almost nobody picks them up unless it’s in the hope that the face of the long-deceased Abraham Lincoln might bring them good fortune of some odd sort. Thieves don’t scrounge around people’s pockets for pennies, and then have the person call the police for their missing penny. When most people say that they want to keep the penny, most of the time it will simply be an infantile argument about the baseless need to keep the penny just because it’s always been that way.…
Choose one of the following prompts to write an effective 2 full page double spaced 12” font AP level essay.…
4. You pay $1.00 to buy an envelope costing $0.25. You receive the following change:…
3. The market value of any real or financial asset, including stocks, bonds, or art work purchased in hope of selling it at a profit, may be estimated by determining future cash flows and then discounting them back to the present…
The value of time of money is the increase in an amount of money as result of interest earned. Money paid or received today I s worth more because it can be saved or invented and be more than money paid or received a year from now. You have risk in both sides. If you save your money and not be able to use it if you have an emergency. Or you risk not having money in the future if you don’t save. You are at a catch twenty two.…
This piece is a poem and biography written using the writing style of Judith Beveridge in How to Love Bats to show something that I love, coins, and how they represent a link between all humans and the history of the life we all share and have gone through. This story contains many ideas that are similar to Judith Beveridge’s poem however they are from my point of view and imply a different conclusion and afterthought for the reader to take away. This is that each person is connected by similar life experiences and that through these life experiences we can help others not go through the same ones we did if they were bad and help them go through the necessary ones or fun ones if they were good. I show how temptation can lead us astray from main goals in our life and how if we realize this we can keep on path and fight back against temptation to reach our true goals. I drew inspiration from “How to Love Bats” because that poem gave me the structure for my poem and gave me ideas about what I wanted to reveal to the reader in mine. Judith Beveridge is trying to show in How to Love Bats that imagination and acceptance are key for people to get along and experience new things and I’m trying to get at this plus the idea that temptation is an obstacle that needs to be overcome by everybody. My intended audience is for anyone that may be struggling with temptation in their life and needs some advice or for anyone interested in coins and how they link people’s ideas and experiences together.…
The following are reasons why $1000 today is “worth” more than $1000 one year from today: 1. Inflation 2. Risk 3. Cost of money Of these, the cost of money is the most predictable, and, hence, it is the essential component of economic analysis. Cost of money is represented by (1) money paid for the use of borrowed money, or (2) return on investment. Cost of money is determined by an interest rate. Time value of money is defined as the time-dependent value of money stemming both from changes in the purchasing power of money (inflation or deflation) and from the real earning potential of alternative investments over time.…
When I walk into the bourse at the stamp show, I note several things all at once. The room is small, and approximately 10 dealers have crammed binders and boxes in every available space along the walls and under the tables. A handful of people are milling around the room, and a few of them are sitting at some of the dealer tables going through boxes. And the crowd is older. With the exception of a father and his two sons who come in behind me, I am probably the youngest person in the room by a decade and a half or more, with the median age hovering in the low 60s. Glancing around the room I see a few familiar faces from the local stamp club, and one of them sees me back. Smiling, he nods in my direction and in a thickly accented German tongue offers a hello. His name is Heinrich, and he is the local member of the stamp dealers guild. The room is generally quiet, and relaxing, and makes me think of a different time. I am reminded again of why stamp collecting has always appealed to me as I begin browsing each table. Boxes of postmarks and old letters each carry their own story of the past, and the stamps represent moments of cultural or historic significance that would largely be unknown to the average American today. And the people are friendly, more friendly than any other hobby I have pursued (and I have pursued many), and as a group they eagerly share their interest with those of us who have been drawn to the stamp show but are not regular members of the stamp collecting community. At the table next to me, one of the dealers (an older gentleman with graying hair and a grandfatherly look) almost trips over himself as he gives a used stamp album to the two young boys. It would be easy to assume that this helpfulness is merely the fawning of a business person to a potential customer, but there is more at stake here than a future sale. Stamp collecting is a dying hobby by some accounts, and a greatly diminished one by almost any measure. A grim comment I have heard…