S21E9: What Ending the Penny Mint Means for Prices

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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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