The US Mint has officially stopped producing pennies, but they’re still part of our lives.
Each penny costs the government nearly four cents to produce, leading to significant savings.
Prices in stores might only end in fives and zeros now, which could change our shopping experience.
What happens to our beloved phrases about pennies? Will they disappear from our conversations?
I’ve got a bucket of pennies behind my desk—should I keep them or cash them in?
This change might even affect how we wish for things at wishing wells—nickels, anyone?
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Transcripts
Speaker A:
This is the Daily Note.
Speaker A:
I'm James A.
Speaker A:
Brown.
Speaker A:
Just because the US Mint is done with pennies doesn't mean pennies are done with the rest of us.
Speaker A:
The government says we'll save more than 50 million bucks a year after the change because each penny costs nearly 4 cents to make.
Speaker A:
Now all that makes sense.
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But I have a few questions about how all this will play out.
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Will prices only end in fives and zeros now?
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Some fast food restaurants are already rounding up.
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And what about wishing wells?
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Will they go empty?
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Or maybe we'll throw nickels into them?
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Now, what about phrases like a bad penny or an honest penny?
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Will they go away, too?
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And what should I do about the giant bucket of pennies behind my desk besides holding on the hope that a penny is no longer worth just a penny anymore?