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Anais Reyes

More Than It's Worth

Today, it costs the United States Mint 1.83 cents to produce a single penny. That’s even gone down since its peak price in 2011 from 2.41 cents. This means that every year, more than 70 million dollars of federal tax money goes to subsidizing the existence of the penny. Several studies have shown that the time Americans spend fiddling with pennies costs us as much as one billion dollars a year in opportunity costs. The limited utility of pennies leaves most people inadvertently collecting them, and the fact that pennies do not perform their intended purpose of facilitating exchange leaves us to question whether or not they are useful at all. More Than it’s Worth is an exhibition of my own inadvertently collected pennies. Useless, expensive pennies. Gelsy Verna Gallery, Art Lofts, University of Wisconsin-Madison. October 21- October 23, 2014

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