![]() This entry was posted in Decision Theory, Economics by Andrew. That particular branch of the Jamaican beef patties place closed a couple years ago, but they have another branch on 125 St that I go to sometimes.Ī couple months ago I noticed a 20 euro bill on the street and picked it up. The last time I experienced an economics cliche in real time was a few weeks ago, when I spotted $5 in cash on the street. I left the pennies where they were, though. It suddenly comes to me-this is what they mean when they talk about “picking pennies in front of a steamroller.” That’s exactly what I was about to do!Īfter a brief moment of indecision, I bent down and picked up the quarters. There’s no way the driver can see me if I’m bending down behind the rear wheels. The change is on the street, and, as I’m leaning down to pick it up, I notice there’s a parked car, right in front of me, with its engine running. (Remember-the patties cost $17.25, so I had three quarters in my pocket, plus whatever happened to be there already.) I see all three quarters plus a couple of pennies. Sure, I ate 6 of them, but I was hungry.Ī half hour later, I’m pulling keys out of my pocket lock up my bike and a bunch of change falls out. It’s a good deal: they’re small but not that small. I can’t really figure out why I’m getting this special treatment. In 1983 zinc took over the makeup of the penny with 95 Zinc. The penny changed again to 95 / 5 mixture until 1982. From 1864 to 1962 were 95 copper with 5 mixture of tin and zinc. This excludes the year 1943 when pennies were shiny white steel (Read more about that here). She whispers that I shouldn’t tell anyone. From 1864 to 1962 pennies minted were a bronze (copper / tin) alloy. Step 2: Date and Mintmark Variety - Within series, dates become important to value, identify all dates accurately. So I get two more spicy beef and a chicken. Steps Leading to Value: Step 1: Recognize the Different Series of Cents - US pennies cover a large variety of series and styles with overlapping dates. The woman behind the counter asks if I’m in a hurry, I ask why, she whispers, For the same price you can get a dozen. I’m about to pay and then a bunch of people come in and start ordering. Anyway, then I had Jamaican beef patties on the brain so I went by Monday afternoon and asked for 9: 3 spicy beef, 3 mild beef (for the kids), and 3 chicken (not the jerk chicken Bob got those the other day and they didn’t impress me). What a mistake! I don’t know what Masanao and Yu-Sung could’ve been thinking. In this article, we’ll delve deeper into converting that mass of pennies into their appropriate dollar signs, so you know when you’ve reached your 100 goal. Jesus Taco was next door so I went there instead. In terms of weight, 100 pennies weigh an estimated 0.55 pounds (250 grams), and so, the 10,000 pennies required to reached 100 would weigh approximately 55.11 pounds (25 kilograms). On Sunday we were over on 125 St so I stopped by the Jamaican beef patties place but they were closed.
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