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The Journal.

Stop Making Cents: The End of the Penny

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 2 June 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

Minting one penny costs the United States nearly four cents. After 233 years, the Treasury Department has decided to phase out the coin. This will mean that businesses will have to round cash transactions up or down, and some fear it could lead to inflation. We reminisce about the cultural significance of the one-cent coin with WSJ’s Oyin Adedoyin and discuss the pro-penny stance with an advocate. WSJ’s Jessica Mendoza hosts.   Further Listening: - The Fight Over Your Credit Card Swipe  - The Coronavirus Cash Crisis  Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So, Oyan, I wonder if you could just say a few words about the dearly departed today.

0:15.5

Yeah.

0:18.2

Penny was small but mighty.

0:21.6

She inspired so many, she touched so many, she traveled so far.

0:28.6

I mean, at one point she was in Mars, but she's also found her way into our homes, between our couch cushions.

0:36.6

You know, two of her gave us permission to share our thoughts. Her way into our homes, between our couch cushions.

0:41.3

You know, two of her gave us permission to share our thoughts.

0:49.6

So she's really been with us, many of us, for our whole lives, you know, or generations even.

0:53.0

It's a loss indeed.

0:56.8

How do you think the penny will be remembered?

1:15.7

Maybe in our piggy banks or in the pockets of those jeans that we forgot to, you know, wash maybe in a washer, dryer somewhere, abandoned, a little dusted.

1:20.0

Some fountains that forget, I've never been cleaned.

1:22.1

At the bottom of some fountains.

1:37.7

My colleague, Oyan, Edadoyan covers personal finance, and we're reminiscing on the penny because the Treasury has announced that after decades of debate, it's going to stop minting the one-cent coin, reminding us of that old adage.

1:42.4

Change is constant, even for, well, change.

1:47.2

Oyan, what is this story really about to you?

1:55.6

The story is interestingly about the simple debate of practicality over sentimentality.

2:04.9

The penny has gone from a symbol of freedom in some cases, frugality and hard work, to a sign of America's wastefulness.

2:13.5

The penny is kind of like that baby blanket that you had as a kid that maybe, you know, a grandparent or someone got for you.

2:16.4

And it's followed you around for decades.

2:18.8

And now we're at the point where we're saying goodbye.

2:20.1

Time to let it go.

...

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