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Penny Shortage: Small Coin, Big Impact
Manage episode 521354020 series 3700769
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Penny Pinching: The Unexpected Impact of the Pennys Demise - The U.S. Mints halt on penny production has led to widespread shortages, causing businesses to lose millions. Stores are offering incentives for penny collection, and rounding transactions to the nearest nickel is becoming common. The National Association of Convenience Stores estimates a daily loss of over one million dollars, highlighting the pennys unexpected importance.
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