Extra: Change Is Hard. What Lies Ahead For A Post-Penny America
Description
After more than 230 years, the U.S. Mint has officially ended penny production early this month. The decision is seen as a money-saver, as the cost of making coins exceeds their value. However, phasing out the penny won’t be easy, and retailers will have to figure out how to make change as fewer are in circulation.
Philip Diehl, former U.S. Mint Director and President of U.S. Money Reserve, recently joined FOX News host Chris Foster to discuss the impact of the penny’s demise and what other coins could be next.
He also lays out ways businesses may need to handle pricing and calculating sales tax.
He also discusses the future of American money, and the nickel and the dollar could also see changes.
We often must cut interviews short during the week, but we thought you might like to hear the full interview.
Today on Fox News Rundown Extra, we will share our entire interview with former U.S. Mint Director and President of U.S. Money Reserve, Phillip Diehl
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