S21E9: What Ending the Penny Mint Means for Prices
Update: 2025-11-14
Description
The U.S. stops minting new pennies. Cost savings help, but do second-order effects matter more?
We dig into:
- Why it cost ~4¢ to make 1¢
- $56M savings vs real economic impact
- Rounding rules, cash users, and pricing behavior
- Card mix, tipping culture, and “two-way door” policy
A quick, practical look at what this means for consumers and businesses.
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Chapters:
- 00:31 The End of Penny Minting
- 03:16 Economic Implications of Removing Pennies
- 05:57 Nostalgia and Cultural Impact of the Penny
- 08:30 Regulatory Challenges and Business Adaptation
- 11:36 The Future of Currency and Transaction Trends
- 14:06 Critical Thinking in Business Decisions
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