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A Pricey Penny



A Pricey Penny

A Short Reader

Reading Level
     edHelper's suggested reading level:   grades 3 to 5
     Flesch-Kincaid grade level:   3.39

Vocabulary
     challenging words:    penny-making, pricey, worth, supplies, costs, nearly, order, saved, bills, government, copper, military, rise, cent, rather, instead
     content words:    Edmund Moy, World War II


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A Pricey Penny
By Erin Horner
  

1     A penny is worth one cent. But did you know that it costs more than one cent to make a penny? On average it costs the U.S. one and one-half cents to make a penny. Pennies are made of 97.5% zinc and 2.5% copper. As the cost of these metals rise, so does the cost of making these coins. The U.S. Mint makes millions of pennies each year. But they lose millions of dollars each year! In 2007 the Mint lost forty million dollars in penny-making alone.
 
2     Edmund Moy is the director of the U.S. Mint. He thinks the U.S. could cut some of their penny making costs. Rather than use copper and zinc to make pennies, why not use less expensive metals? Steel is a lot cheaper than copper and zinc. It could be used to make pennies. Our nation did this during World War II. In 1943, copper was needed for military supplies. In order to .....
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