then others came along and instead of doing what that person did (innovate) started copying the same thing. and people don't want to pay money for "copies" so even $0.03 is too much for them.
That's true Herbert, people want to have the original coin and for the original coin they are willing to pay this amount of money.
They don't want to have a copy until price goes in such unrealistic dimensiones that that it is necessary to find a alternative coin.