ipl-logo

Analysis Of The Ally Lucky Penny

246 Words1 Page

Ally Bank, in an effort to promote the value of money, has scattered 100 pennies across 10 major metropolitan cities that are worth $1,000 to those who find them. The pennies have the banks logo on them, and they are slightly larger than a regular penny. Some of the cities where people can find the pennies include Miami, New York, Washington D.C. and Austin, Texas. The promotion is known as the Ally lucky penny and the hope is to prevent people from casually discarding their pennies. In a video released by Ally, the bank states that a million dollars goes to waste each year, one penny at a time. According to the bank, ten billion pennies are minted each year and half of those pennies are removed from circulation because people place little

Show More
Related

  • Essay On Penny Lab

    444 Words  | 2 Pages

    Next, we determined the mass of the penny by placing it on a balance. The mass of the penny was 2.47 grams. Afterwards, we placed the penny in a beaker filled with 20 mL of 6 M HCl. In the end we put the beaker in the fume hood and allowed it to sit overnight. During day two of the penny lab, we removed the penny skin from the beaker using tweezers.

    Read More

  • Essay On Are Pennies Worth Minting

    783 Words  | 4 Pages

    Are pennies worth minting? Many people believe they’re a waste of money, but some people believe that they’re still worth minting. Pennies should not be minted for many reasons such as, the penny costs more money to make then the penny has in value. Another reason is that pennies are a severe waste in time such as people often pay with pennies as a practical joke, which means hard working employees often have to spend the time to count those pennies. The final reason is because the penny is losing the government money.

    Read More

  • Ehrenreich's Nickel And Dimed

    449 Words  | 2 Pages

    “When Melissa is getting ready to leave work at six, I tell her I’m quitting, possibly the next day. Well then, she thinks she’ll be going too, because she doesn’t want to work here without me”(Ehrenreich 189). Throughout my reading of this book, I have notice that I could connect to various points the author is trying to portray. When I first read this passage is made me feel nostalgic to when I used to work in the hotel. The hotel work has terrible, but my co-workers were amazing.

    Read More

  • Penny And Dime Lab Report

    496 Words  | 2 Pages

    In this week’s lab we had to determine the density of a quarter, penny, and dime. My question was “How does is each coin?” Density is the amount of mass in an object. To find the density of each coin in this lab, we used a triple beam balance to find each coin’s mass and a graduated cylinder to find their volumes. With all this information, I can now form a hypothesis.

    Read More

  • Prejudice In To Kill A Mockingbird By Marie Lu

    724 Words  | 3 Pages

    “We’re not keeping this in our house.” My father nodded. “But we can’t destroy it. We have to safeguard it—for all we know, this might be the last coin of its kind in the world” (Lu 232-233).

    Read More

  • Abolish The Penny Essay

    841 Words  | 4 Pages

    The complete waste of time and money spent producing these pennies just to be forgotten in the couch cushions is astounding. If every penny is 1.8 cents to produce than the government is giving away 800 million USD every single year. The same article says, “...10 million new useless items punched out by government workers who could be more usefully employed tracking counterfeiters.” In other words, the government isn’t only wasting money on penny production but, also a working staff. U.S. currency could be more protected if it wasn’t for the pesky penny.

    Read More

  • Argumentative Essay On Removing The Penny

    545 Words  | 3 Pages

    Also, the penny is too heavy and takes up space. The government has been trying to ship pennies to military bases in foreign countries.(Source 2) They have been doing this because they need to use currency to buy food or merchandise. Pennies are said to take up too much space in people’s homes like dressers and cabinets.(Source 2) This was said during a speech during a discussion to remove pennies or to keep them.

    Read More

  • Should Pennies Be Eliminated

    514 Words  | 3 Pages

    They take up space on our counter tops and in our drawers. Pennies are too heavy when carried in a bunch and not effective to ship out. Because of this, military bases have been rounding to the nearest cents instead of pennies because it is more efficient. So that is another reason that pennies should be

    Read More

  • Penny Lab Report

    463 Words  | 2 Pages

    The purpose of this lab was to change pennies from copper to silver to gold, like alchemists have attempted to do in history. Through the data and observations gathered throughout this experiment, it can be concluded that the pennies were not changed into a different element. For example, the density of the penny from 2005; which was the penny that was experimented on to see whether or not it could turn into silver; was 4.62 g/cm3 before the experiment and 4.89 g/cm3 by the end of the experiment. If this copper penny really would have turned into silver, then the density of the penny would be 10.49 g/cm3; which is the density of silver; by the end of the experiment. The penny may have turned silver in color, but this was only because it was plated in the zinc that was added to the beaker of water in the experiment.

    Read More

  • Argumentative Essay On The Penny

    701 Words  | 3 Pages

    Off with the Head The penny is one of America 's most iconic coins, but yet people toss them once in their possession. Most thoughts about the penny are more negative than positive. Lewis, Mark’s passage (Source A) shows the reason is has not been banned yet. Kahn, Ric’s passage (Source B) explains the penny was only good in its prime, and now is wasting our time.

    Read More

  • Why The Penny Should Be Retired

    489 Words  | 2 Pages

    That is why I am supporting the retirement of the pennies. With me supporting the retirement of the penny I have some evidence on why the penny should be retired. One piece I have is in the article it states that it costs 11 million dollars to make pennies in other countries. That it is a lot of money being used even though the penny doesn’t really get used, it just gets pushed to the side and never gets used. They could be doing more with the 11 million dollars.

    Read More

  • Pennies Should Be Eliminated Essay

    521 Words  | 3 Pages

    That just shows how I'm right about getting rid of the coin. I know taxpayers don't don't want to keep wasting their money on the penny. Pennies serve in today's

    Read More

  • Cotton Mather Wonders Of The Invisible World Analysis

    911 Words  | 4 Pages

    Cotton Mather: Wonders of the Invisible World In this writing, Cotton Mather, a Puritan Theologian and a renowned reverend talks about his fears of the Christian religion being slowly obliterated from the country, which he believes is being taken over by the devil and his minions by the use of Witchcraft. In 1963 Cotton Mather was asked to create a literary piece, in defense of the persecutions, one year after the events of the Salem witch trials actually took place, where questionable events happened were depicted. This work was called the Invisible Wonders of the World. Throughout the writing, Mather is always depicting the devil as a real and tangible being (e.g. “invisible hands” and supernatural happenings).

    Read More

  • Penny Boat Lab Conclusion

    239 Words  | 1 Pages

    On our paper we predicted the amount of pennies that could fit in the boat before it sank. We tested the boat in the water and added pennies one by one. We then calculated the mass of pennies that fit in the boat and the density of it. The purpose of this Lab was to make a boat that holds as many pennies as possible and understand how to calculate

    Read More

  • How Did Marco Polo Use Paper Money Essay

    298 Words  | 2 Pages

    In the 13th century he travelled to China where he was overwhelmed with how paper money was made, used and valued in China. He brought back to his country the first paper money. This paper money was sealed with the paper emperor; they had full value of gold and silver. Until today, the 20th century money keeps on changing, the texture, the length and especially the value of the

    Read More

More about Analysis Of The Ally Lucky Penny

Open Document