Say Goodbye to the Penny

Say Goodbye to the Penny
Pennies are displayed at Glenview Coin & Collectibles, in Glenview, Ill., on July 6, 2006. Tim Boyle/Getty Images
Jeffrey A. Tucker
Updated:
0:00
Commentary

The U.S. Mint will stop making the penny next year. The reasons are purely practical. It costs three times as much to make as it is worth. Dropping it will save $56 million. Most people don’t carry them anyway; the bulk of the existing stock is thrown out or put in jars at home.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]