The case against the penny

Here's why pennies don't make sense

Did you know that pennies cost roughly 3 cents to produce? That fact doesn't seem to make sense, being that pennies are only worth 1 cent each. This podcast episode explains why we still have pennies, plus where they came from, why Americans don't use pennies, and how we got here. Click here to listen.

President Trump ordered an end to US production of the penny in 2025

The US will stop producing pennies after more than 233 years in 2026, though they will still be considered legal tender. It takes roughly three cents to produce a single penny, with an annual price tag of nearly $100M.

Some coin denominations have ridges on their sides in part to prevent counterfeiting

You may have noticed that dimes and quarters feature small ridges on their sides that other coins, like pennies and nickels, don't have. This video can help you learn more about why the practice, called "reeding," was first started—and why it's still used today.

The US developed a coin circulation problem in 2020

As people reduced the frequency with which they paid for things in cash and change during the COVID-19 pandemic, opting for tap-to-pay systems or online shopping instead, the number of coins in circulation decreased. Those who did make cash purchases were more likely to keep their change at home rather than use it on a subsequent purchase.

The Mint’s first circulating coins were 11,178 copper cents

Congress authorized the first national mint in Philadelphia. The next year, the Mint delivered its first circulating coins, which were bigger than today’s quarters. This article shows more early US currency.

Some coin denominations have ridges etched on their sides, partly to prevent counterfeiting, in a practice called 'reeding.'

Up to $68M in coins gets trashed every year

Waste facilities and TSA say they collect thousands of dollars of discarded money per year. A Wall Street Journal reporter visited a waste facility and learned what you can do with your extra change.

Minting a coin that can pay off the federal debt has been proposed as a quick fix to rampant borrowing

It’s uncertain how financial markets would react to such a large cash injection. Some economists warn it could trigger massive inflation. Others say the nation needs a clean slate.

The $1 bill hasn’t been redesigned in over 60 years

From a counterfeiting and forgery perspective, this makes the $1 bill one of the least secure American banknotes. In this video, the Wall Street Journal sits down with a leading currency expert to explore the techniques used to keep cash safe and figure out what's going on with the $1 bill.

Beyond critical minerals, copper is emerging as a bottleneck to clean energy

Copper remains invaluable for the transmission of electricity needed in energy infrastructure projects, with 90% of the average circuit board made of the element. However, limited smelting capacity and low ore quality amid increasing demands are stressing global supplies.

Total national debt as of yesterday

Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.

It cost the IRS $0.36 to collect $100 in 2024

It costs the IRS a significant amount of money to do part of its job—collecting money. For instance, the Internal Revenue Service spent $16.1B to collect $4.7T in taxes in 2023.

Americans spend an average of nearly $500 per year on tipping at restaurants and bars

The habit runs contrary to economic rationality: Why pay more for a good or service you have already received when it isn’t mandatory? Researchers found that people tip, in part, to avoid the psychological pain of not fitting in.

The British pound is the oldest currency still in use

Also known as the “pound sterling,” the British pound is more than 1,200 years old. It dates back to around 775 CE, but it didn’t become the official currency of England until the 12th century. One pound originally represented a pound of silver. The below graphic shows some of the other oldest currencies still in use today.

Bitcoin explained and made simple

Bitcoin, the most popular and well-known example of a cryptocurrency, came on the scene around 2010, with its evangelists proclaiming it would eventually displace government-backed traditional cash. While the concept of a digital currency may seem straightforward, the details can be deceptively simple. This quick video overview provides the foundation for a deeper dive into the world of decentralized currency.

The prevalence of microplastics came from plastic’s affordability and versatility

Microplastics' durability and overuse have led to massive pollution that overwhelms the planet's ecosystems. Avian, terrestrial, and marine life have been observed to contain microplastics in their bodies, but reverting to paper, cotton, and other materials in manufacturing also brings environmental challenges.

Some banks derive half of their income from overdraft fees on checking accounts

The fees are incurred when a customer withdraws more money than is left in the account, typically around $35 per overdraft. One in 11 Americans pays more than $350 a year in such fees, generating tens of billions of dollars each year for banks..

The cost of maintaining aging voting systems

A joint analysis from the Brennan Center and Verified Voting finds that replacing aging voting equipment will cost hundreds of millions of dollars.

The US dollar is the most widely circulated currency in the world, and is involved in nearly 90% of global transactions

As of 2023, the world's smallest particle accelerator is smaller than a penny

The prototype is an example of a photonic accelerator, which utilizes tiny lasers to accelerate electrons rather than relying on oscillating electromagnetic fields to move them. It can deliver about 1 electron per second with energies equivalent to those found in cathode-ray tube televisions.

The decline of the landline in the US

It costs 35% less to maintain AT&T's fiber subscribers than it does to keep up its legacy copper lines, a big difference leading the major phone company to plan to end its copper lines by 2030. Tens of millions of households still utilize a landline phone in the US, but they've been trending downward for at least two decades as people have gone wireless. Learn the trends and see the data visualized in this article.

Pros and cons of minimum wage

The federal minimum wage hasn’t been raised since 2009. Over the past decade or so, proponents of significantly raising the minimum wage have argued that doing so could reduce reliance on government financial assistance programs and increase consumer spending. But opponents say higher labor costs could lead to job cuts.

US consumers collectively owe more than $1T to credit card companies—almost as much as they owe in auto loans.

Why caviar is still so expensive, even though it's no longer rare

An ounce of caviar can cost more than $250, even though China has flooded the market with a surge in supply over the past decade. As it turns out, the perception of caviar as a luxury good rather than a true scarcity is part of what keeps it so expensive.

Why crash test dummies cost a million dollars

Crash test dummies are crucial in the fight to protect car passengers from potentially catastrophic crashes. So how are they made? And why are they so expensive? This 8-minute video breaks down the high-tech products—which can cost over $1 million...

The rising cost of taking a family to the ballgame

While inflation affects the price of all goods and services across an economy, some hit harder for consumers than others. Taking data from the average cost of tickets all the way down to the number of hot dogs a family would buy, the average pricetag for a family of four to attend a baseball game is now just over $200–making America’s pastime cost-prohibitive for many families.

The worst things to buy at the dollar store, according to a financial expert

Some dollar store products can be low quality, and experts advise not purchasing them. This list includes 17 products to avoid at dollar stores, including batteries, toys, costumes, and more.

Are credit unions really worth it?

Credit union perks sound great on paper. They promise better interest rates and competitive customer service. But does this really translate to financial benefit for members? A new report dives deep into transaction data and answers with a resounding “yes.” Credit unions yield benefits of $179 per member or $376 per household. Dive deep into the data and read the report here.

The price of gas is a composite made up of several different factors, with the federal gas tax making up less than 20% of what drivers pay at the pump.

About 2,000 US babies are born annually without some portion of their limbs, potentially leading to a lifetime of pricey prosthetics.

Mark Twain spent decades feuding with the US Postal Service, convinced its costs and regulations were bureaucratic overreach.

Use this calculator to find the dollar value of your mental load, from meal planning to coordinating after-school care for your children.

Memecoins are a type of cryptocurrency—a form of digital currency with a wide variety of uses—created around popular 'memes,' or viral internet jokes.

Watch how deep-sea mining equipment collects and processes polymetallic nodules—metal-rich, potato-shaped rocks—from the ocean floor and creates environmentally damaging plumes of sediments.

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

The most expensive ad of all time was for Chanel No. 5 perfume and cost roughly $33M to produce in 2004—about $57M in today's dollars.

Before the current East Wing ballroom project, only two White House renovations in the past 100 years cost more than $10M.

Discover the catastrophic consequences of a failure of the US electrical grid—something that is more likely than many Americans think.

Up to a million Girl Scouts sell about 200 million cookie boxes every spring, generating $800 million, largely because refusing a child is frowned upon

Massive 3D printers have been used to build homes by stacking layers of 'concrete toothpaste,' a fire-resistant material that effectively insulates against outside noise.

Stanford built a Google Maps for the Roman Empire, revealing how much it cost to travel in the ancient world

Sony set the standard for cylinder-shaped batteries when it repurposed manufacturing equipment used to make rolls of magnetic recording tape.

While atoms are normally made of protons, neutrons, and electrons, exotic ones have been built with antimatter—alternate versions of normal matter that live for fractions of a second and are about a billion times as rare.

The hormonal disorder PCOS was renamed PMOS in 2026, a move designed to improve care and research by shifting the focus to the hormonal causes of this condition that affects 1 in 8 women.

The Mona Lisa's celebrity status and repeated restorations have obscured what made the painting so revolutionary for its time

After the Boston Tea Party, colonists switched to coffee, which became the main morning drink for revolutionaries.

The 1987 Nintendo video game 'Stadium Events' isn't known for being particularly fun, but its scarcity has made it a highly sought-after item that has sold for up to $35K at auction.

As of 2025, the most cited papers in science include a review of graphene, methods to improve image recognition, streamlining electron density calculations, and optimizing protein studies.

A century of Billboard issues documenting the evolution of popular music.

To reduce wrinkles in clothing, research recommends gentle wash cycles with more water and tumble drying with smaller loads and longer times.