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Friday, September 2, 2011

The Daily Stat: Most Pennies Vanish, Never to Be Seen Again

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SEPTEMBER 2, 2011
Most Pennies Vanish, Never to Be
Seen Again
66% of U.S. pennies in circulation somehow get lost and never make it back to the central bank, according to Gregory G. Wood of Califomia State University Channel Islands. Euro cents fare a bit better—only 45% of them vanish. The difference isn't surprising, Wood says: U.S. households produce about 45% more solid waste than European homes. People carry an average of 14 coins at any given time, other research shows.
Source: Statistical Analysis of Coins Lost in Circulation and Coins Carried
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