1 00:00:00,480 --> 00:00:01,960 Speaker 1: So it's the end of the penny. 2 00:00:02,880 --> 00:00:06,560 Speaker 2: No more penny for your thoughts, I'd see. 3 00:00:06,360 --> 00:00:08,720 Speaker 3: What she did there. Yeah, so, I mean there will 4 00:00:08,760 --> 00:00:09,800 Speaker 3: still be a penny. 5 00:00:10,280 --> 00:00:13,319 Speaker 1: It's still in circulation, but there's no they're not making 6 00:00:13,320 --> 00:00:14,040 Speaker 1: any more penny. 7 00:00:14,200 --> 00:00:18,520 Speaker 2: Correct first introduced in seventeen ninety three, it's been part 8 00:00:18,520 --> 00:00:22,160 Speaker 2: of the US currency for over two hundred and thirty years, 9 00:00:22,400 --> 00:00:25,040 Speaker 2: and they decided it was too expensive to make the 10 00:00:25,160 --> 00:00:25,880 Speaker 2: one cent. 11 00:00:25,880 --> 00:00:28,560 Speaker 3: Right because what it was like four or five cents 12 00:00:29,000 --> 00:00:31,000 Speaker 3: to make every penny, Is that right? 13 00:00:31,120 --> 00:00:31,400 Speaker 1: Yeah? 14 00:00:31,440 --> 00:00:36,000 Speaker 2: Donald Trump said it was economically unsustainable. He ordered the 15 00:00:36,040 --> 00:00:39,280 Speaker 2: discontinuation of it, and it will save the US treasury 16 00:00:39,320 --> 00:00:41,400 Speaker 2: around fifty six million dollars annually. 17 00:00:41,520 --> 00:00:44,240 Speaker 3: Yeah, that probably makes a lot of sense, right, especially 18 00:00:44,360 --> 00:00:47,720 Speaker 3: in a more in an environment in which more and 19 00:00:47,760 --> 00:00:50,000 Speaker 3: more people, fewer and fewer people, i should say, are 20 00:00:50,320 --> 00:00:53,400 Speaker 3: using actual physical cash. 21 00:00:53,600 --> 00:00:54,520 Speaker 1: Most people don't. 22 00:00:54,400 --> 00:00:57,640 Speaker 3: Keep track of their pennies anyway. It ends up in 23 00:00:57,640 --> 00:01:00,760 Speaker 3: a cup or you know, a bottom of couch, er, 24 00:01:01,240 --> 00:01:04,720 Speaker 3: big milk jug or whatever. Probably from the US government 25 00:01:04,760 --> 00:01:08,160 Speaker 3: and taxpayer perspective, that's a good move to say fifty 26 00:01:08,200 --> 00:01:10,800 Speaker 3: six million dollars for something fewer and fewer people are 27 00:01:10,880 --> 00:01:11,840 Speaker 3: are taking advantage. 28 00:01:12,480 --> 00:01:16,640 Speaker 2: Yeah, but some people still feeling nostalgic about it, right? 29 00:01:17,640 --> 00:01:19,520 Speaker 2: Are they symbolizes good luck? 30 00:01:20,080 --> 00:01:23,520 Speaker 1: Are people waking up today like, oh no, no more penny? 31 00:01:24,400 --> 00:01:26,640 Speaker 2: I remember my grandpa used to take all of the 32 00:01:26,720 --> 00:01:29,320 Speaker 2: change out of his pocket and if I could add 33 00:01:29,360 --> 00:01:31,679 Speaker 2: it up correctly, he would give it to me. 34 00:01:31,880 --> 00:01:32,640 Speaker 1: Yeah, And there. 35 00:01:32,520 --> 00:01:36,679 Speaker 2: Were always pennies in there, sometimes nichols. Sometimes times if 36 00:01:36,720 --> 00:01:38,320 Speaker 2: it was a good day, there was a quarter. 37 00:01:38,480 --> 00:01:38,840 Speaker 1: Yeah. 38 00:01:38,959 --> 00:01:41,920 Speaker 3: No, and I hardly agree there was an era, not 39 00:01:42,080 --> 00:01:48,000 Speaker 3: all that long ago where people did collect keep use change. 40 00:01:48,920 --> 00:01:53,840 Speaker 3: I just think there's so few cash transactions anymore, mini 41 00:01:53,920 --> 00:02:00,800 Speaker 3: stores going to cash less options only, and that you 42 00:02:00,880 --> 00:02:03,080 Speaker 3: just don't even have I mean, do you walk around. 43 00:02:03,120 --> 00:02:04,560 Speaker 3: I mean you have a purse, but do you walk 44 00:02:04,600 --> 00:02:06,560 Speaker 3: around do you have change in your purse right now? 45 00:02:06,600 --> 00:02:09,720 Speaker 2: Look, I'll look and tell you. I don't think there's 46 00:02:09,760 --> 00:02:11,840 Speaker 2: any money in there. I did just get back from vacation. 47 00:02:12,080 --> 00:02:14,799 Speaker 3: I mean I have one penny and one nickel. Okay, 48 00:02:14,800 --> 00:02:17,520 Speaker 3: you have one penny and one nickel. So I have 49 00:02:17,560 --> 00:02:20,239 Speaker 3: a in my car. The cup with the change in 50 00:02:20,360 --> 00:02:22,680 Speaker 3: is probably worth more than the car itself. But I 51 00:02:22,720 --> 00:02:25,120 Speaker 3: have a you know, a little cup and I every 52 00:02:25,120 --> 00:02:26,840 Speaker 3: so often get the quarters out and I keep a 53 00:02:26,840 --> 00:02:29,400 Speaker 3: little quarter jar. But I just think it's just a 54 00:02:29,680 --> 00:02:33,680 Speaker 3: thing where sadly, because you're right, how many people of 55 00:02:33,720 --> 00:02:38,639 Speaker 3: the X or gen you know, a millennial era or 56 00:02:38,680 --> 00:02:41,560 Speaker 3: whatever do or have those memories of grandparents or aunts 57 00:02:41,639 --> 00:02:44,280 Speaker 3: or uncles pulling out a shiny coin of some sort 58 00:02:44,320 --> 00:02:46,920 Speaker 3: and giving it to you. I just think that's mostly 59 00:02:47,000 --> 00:02:48,600 Speaker 3: done and it makes sense to move on. 60 00:02:48,840 --> 00:02:51,480 Speaker 2: This is a very shiny penny that I did pull 61 00:02:51,480 --> 00:02:54,680 Speaker 2: out of my purse. It was minted in twenty twenty five, so. 62 00:02:54,600 --> 00:02:56,880 Speaker 1: All new you should keep that as a closed. 63 00:02:56,720 --> 00:03:00,160 Speaker 2: I wonder is that going to make pennies worth more money? 64 00:03:00,440 --> 00:03:02,880 Speaker 2: You know, there's always the wheat penny or the special 65 00:03:02,880 --> 00:03:06,160 Speaker 2: pennies with the you know, I don't know, minted at 66 00:03:06,200 --> 00:03:07,600 Speaker 2: the d wherever. 67 00:03:07,960 --> 00:03:08,480 Speaker 1: That's right? 68 00:03:08,760 --> 00:03:10,400 Speaker 2: Does that make them worth more? 69 00:03:10,440 --> 00:03:10,680 Speaker 1: Now? 70 00:03:10,880 --> 00:03:13,400 Speaker 3: Have you ever spent a day sifting through your coins 71 00:03:13,480 --> 00:03:15,600 Speaker 3: trying to figure out if any of them are worth anything? 72 00:03:15,800 --> 00:03:19,800 Speaker 2: Well, there's an app that you can scan your change. Okay, yeah, 73 00:03:20,120 --> 00:03:22,440 Speaker 2: and I have done that until when you take a 74 00:03:22,440 --> 00:03:25,799 Speaker 2: picture of it or you Yeah, but you only get 75 00:03:25,800 --> 00:03:27,840 Speaker 2: to scan so many until you have to start paying 76 00:03:27,840 --> 00:03:28,440 Speaker 2: for the service. 77 00:03:28,480 --> 00:03:30,160 Speaker 3: On the air, and it probably costs more for the 78 00:03:30,160 --> 00:03:33,120 Speaker 3: service than your coins are actually worse than what they're worth. 79 00:03:33,240 --> 00:03:33,480 Speaker 1: Yeah. 80 00:03:33,600 --> 00:03:37,800 Speaker 2: Interesting, But it does, you know, raise questions about what 81 00:03:37,880 --> 00:03:40,320 Speaker 2: are retailers gonna do. Are they gonna just round up 82 00:03:40,320 --> 00:03:42,360 Speaker 2: to the knickel? I mean, there's got to be so 83 00:03:42,520 --> 00:03:45,160 Speaker 2: many pennies in circulations. They've been out there since seventeen 84 00:03:45,240 --> 00:03:47,800 Speaker 2: ninety three. Sure, it's not like we're gonna run out 85 00:03:47,800 --> 00:03:48,280 Speaker 2: of pennies. 86 00:03:48,360 --> 00:03:51,080 Speaker 3: Yeah, it's it'll be a slow drip towards the end. 87 00:03:51,160 --> 00:03:53,000 Speaker 3: I mean by you know, in ten years, maybe you're 88 00:03:53,000 --> 00:03:54,680 Speaker 3: gonna have to make some sort of call on something. 89 00:03:54,680 --> 00:03:57,360 Speaker 1: But I think you'll be all right for a while. 90 00:03:57,640 --> 00:03:59,960 Speaker 2: Are we gonna lose the take a and need a penny? 91 00:04:00,000 --> 00:04:00,520 Speaker 2: Take a penny? 92 00:04:00,640 --> 00:04:02,920 Speaker 3: I think that's done. I mean those still exist at 93 00:04:02,960 --> 00:04:05,240 Speaker 3: the gas stations. I don't go into gas stations anymore. 94 00:04:05,640 --> 00:04:08,800 Speaker 1: Yeah, I mean I've still seen them. They still exist there. Well, 95 00:04:08,800 --> 00:04:11,440 Speaker 1: that's good. People are trying to help their help their 96 00:04:11,480 --> 00:04:12,040 Speaker 1: fellow man.