Penny Production Ends: A 232-Year Coin Era Closes
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Resources & Recommendations
People Mentioned
- Jacob Bogage (White House Economic Correspondent) - He was interviewed about the discontinuation of the penny and its economic implications.
- Robert Wapples (Professor at Wake Forest University) - He conducted an academic study on the randomness of the last digit in receipts and became a leading advocate for getting rid of the penny.
Organizations & Institutions
- The Mint - The organization responsible for producing currency in the US, mentioned in the context of minting the last pennies and auctioning collector's items.
- The Treasury Department - The government department that controls the mint and the production of currency.
Research & Studies
- Study on the randomness of the last digit at the end of receipts (Robert Wapples, Wake Forest University, 2007) - This study found that the last digit on a receipt is random, suggesting that rounding due to the absence of pennies would likely balance out over time.
Websites & Online Resources
- Truth Social - Social media platform where President Trump posted his order to the Treasury Department to stop minting pennies.