S21E9: What Ending The Penny Mint Means For Prices Strategy Simplified podcast

S21E9: What Ending the Penny Mint Means for Prices

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published 18d ago

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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.

Partner Links:

Learn more about NordStellar's Threat Exposure Management Program; unlock 20% off with code BLACKFRIDAY20 until Dec. 10, 2025

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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S21E9: What Ending the Penny Mint Means for Prices

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