US Money Reserve President Thinks US Penny Minting Might End

Home / US Money Reserve President Thinks US Penny Minting Might End

Canada stopped minting their pennies and is using polymer bills now. Will the United States follow suit by ending US penny minting? US Money Reserve President Philip Diehl discussed the demise of the penny during a CNBC Squawk Box interview.

“Cost of Minting Penny Higher Than One Cent”

During the December 30, 2015 CNBC Squawk Box interview, US Money Reserve President Philip Diehl stated the simple fact: “Nobody uses the penny anymore.” Many pennies are strewn on the road or lost in seat cushions. Mr. Diehl suggested that the time spent picking up a penny is not economically worthwhile because it amounts to less than minimum wage.

 

Follow US Money Reserve on Twitter

One thought on “US Money Reserve President Thinks US Penny Minting Might End”

  1. The most important money mirrors the necessities of the general population. The finish of the penny is basically part of the way toward discovering cash that is the most valuable for whenever period. It is so cool that british essay help has finally step up to help the evaluate most of the necessities that is need and I believe that the general population would be immensely grateful.

Comments are closed.