Stop Making Cents

A penny for your thoughts? It turns out both are decidedly out of style these days. “The U.S. Mint on Wednesday ended production of the penny, a change made to save money and because the 1-cent coin that could once buy a snack or a piece of candy had become increasingly irrelevant.” At the time they stopped being minted, pennies cost about four cents to produce (which seems like a bargain compared to most government purchases). Will we miss them? I guess we’ll find out. The half-cent was discontinued in 1857 and that hardly ever seems to be an issue.

+ If you missed it last week… Burger King Braces for the Demise of the Penny. (This story refers to Burger King the restaurant, not the person in the Oval Office…)