Strategy Simplified

S21E9: What Ending the Penny Mint Means for Prices


Listen Later

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

  • Schedule free 15min consultation with the MC Team.
  • Watch the video version of the podcast on YouTube!
  • Follow us on LinkedIn, Instagram, and TikTok for the latest updates and industry insights!
  • Join an upcoming live event - case interviews demos, expert panels, and more.
  • Email us ([email protected]) with questions or feedback.
...more
View all episodesView all episodes
Download on the App Store

Strategy SimplifiedBy Management Consulted

  • 5
  • 5
  • 5
  • 5
  • 5

5

73 ratings


More shows like Strategy Simplified

View all
Exchanges by Goldman Sachs

Exchanges

973 Listeners

The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

391 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,472 Listeners

The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving by FirmsConsulting.com & StrategyTraining.com

The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving

108 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

176 Listeners

Negotiate Anything by Kwame Christian Esq., M.A.

Negotiate Anything

707 Listeners

Cold Call by HBR Presents / Brian Kenny

Cold Call

196 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,988 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

169 Listeners

Dry Powder: The Private Equity Podcast by Hugh MacArthur, Bain & Company

Dry Powder: The Private Equity Podcast

146 Listeners

The Case Interview Podcast by Julio and Bruno from Crafting Cases

The Case Interview Podcast

45 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

353 Listeners

The So What from BCG by Boston Consulting Group BCG

The So What from BCG

220 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

75 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

162 Listeners