Whether the economy is good or bad, it is good to know about money and details about money. Through years and years of experience and culture, there have been many terms attached to money and rather than calling 1 cent, well, 1 cent, people now tend to call it a penny. This is also similar to other types of change that make up a dollar. It’s good to understand how many pennies make up a dollar or how many quarters make up 10 dollars, for example. Let us know ‘How Many Pennies are in 100 Dollars?’.
How many Pennies are in 100 dollars in total?
Well, to find out how many pennies 100 dollars include, we first need to find out how many pennies make up a dollar. As many of us know, a single penny is valued at 1 cent, and 100 cents make up a dollar. If we follow this logic, a good way to count how many pennies are in a particular amount of dollars is to add zeroes to our count.
So, we found out that 1 dollar includes 100 pennies inside it. To find out how many pennies are in 10 dollars, we only need a single digit of 0 to the number of pennies in a dollar. So, 1000 pennies. Add another zero to find out how many pennies are in 100 dollars and voila! You now know that there are 10.000 pennies in 100 dollars.
The Importance of Cents
Well, what good a piece of information such as this is to us? It is always important to get a sense of perspective on money. As inflation is slowly creeping in on the dollar, there aren’t many things that can be bought with cents now, let alone a few pennies; however, knowing that there are 10.000 pennies in 100 dollars can still bring us perspective on how much 100 dollars is worth.
Let’s say you are working for a job with an hourly wage of 15 dollars. Well, that is 1500 pennies. Does that make 15 dollars seem less valuable or more? That is for you to decide!
The History of Pennies
The First United States cent was made in 1787 and was made of copper or was copper plated throughout its history. Nowadays, you can see the face of Abraham Lincoln on the penny. For this reason, the penny was also called the Lincoln cent. Lincoln cent was first produced in 1909 and designs such as Lincoln Wheat, Lincoln Memorial, and Lincoln Bicentennial 4 reverse designs were the designs for the penny. In our current day, Lincoln Union Shield is the design for the penny, since 2010.
As one would guess, the penny was worth quite more in those days, and every penny counted for a household to be well off.
In its first days, copper was the primary ingredient for pennies but nowadays, as of 1982, pennies are made from copper-plated zinc and are almost 5 times less heavy than it was in 1793.
As inflation rises, the production of pennies can come to a stop like it is seen as a reality in many other countries. There might be a point where the production of pennies may be more expensive than the pennies themselves and because pennies are seldom used in everyday transactions in this day and age, the future of pennies is quite unknown at the moment.
Where do Pennies go When You Receive Change?
If you are in a scenario where you receive change for your transaction. Let’s say you are in a grocery store. The cashier might omit your pennies when giving you change. In a scenario like this, if you want to be careful with your money, you can ask for pennies to be included in your change. While this may seem rude to some people, one may argue that every penny counts, and paying exactly what you need to pay in a transaction is a good way to make sure that you are not overspending.
Conclusion
Some would argue that asking for pennies when you are not given any when receiving change is a waste of time. In today’s economy, it very well might be, but we would argue that it is still important to make sure you keep a perspective on money and help your mind understand how much a dollar is worth. To help with this, someone you need to remind yourself that 100 dollars are worth 10.000 pennies, which is a good way to remind us that pennies are still there and even though they might disappear someday, we still need to understand their value and importance.
Frequently Asked Questions
- How many quarters are there in one dollar?
Four quarters.
- How many nickels are in a single dollar?
20 nickels make up a dollar.
- How many dimes make up a dollar?
10 dimes make up a dollar.
