Cultural value versus practical utility

The last five pennies were minted in Philadelphia last week. Over the 232 years of its existence, the penny became culturally significant through music, fashion and movies. But recently, many have argued for it to be discontinued because of how much the coin costs to produce.

Host Colby Itkowitz speaks with White House economic policy correspondent Jacob Bogage about how prices could be affected by this change and what this could mean for other forms of U.S. currency.

Today’s show was produced by Sabby Robinson. It was edited by Ariel Plotnick and Peter Bresnan, and mixed by Sam Bair. 

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