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S21E9: What Ending the Penny Mint Means for Prices

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Manage episode 519447452 series 2661694
Content provided by Management Consulted. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Management Consulted or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

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
  • 50% off FLASH SALE on the All Access Pass™ ends Monday, Nov. 17 ($350 vs $700)

Connect With Management Consulted

  continue reading

631 episodes

Artwork
iconShare
 
Manage episode 519447452 series 2661694
Content provided by Management Consulted. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Management Consulted or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

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
  • 50% off FLASH SALE on the All Access Pass™ ends Monday, Nov. 17 ($350 vs $700)

Connect With Management Consulted

  continue reading

631 episodes

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