See A Penny, Pick It Up? In The Future, Probably Not As Often - And, Some Say, That Matters

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see a penny pick it up in the future probably not as often and some say that matters

Ask someone for their thoughts: Could it now cost you a nickel? If you want to call somebody stingy, would you say they're a quarter-pincher? And if they spend money unwisely, are they now dime-wise but pound-foolish?

OK, maybe those are some minor, small-stakes, dare we say penny-ante concerns in the wake of the U.S. Treasury confirming Thursday that it will stop making shiny new penny coins after the current production run is complete.

But it is the end of an era in the United States. While there will still be over a billion already existing pennies in circulation, rattling around in jars, gathering dust under the sofa cushions and waiting to be picked up from sidewalks, no new cents will be joining their ranks for the first time in more than two centuries.

Answering advocates' demands to abandon the coin

The Trump administration made the call as a cost-saving measure - it costs almost four cents to make a penny which, by the way, are now primarily made up of zinc with a copper coating. They're not as financially useful as they were in other times as prices have gone up, and digital technologies have overall reduced the use of physical bills and coins for many people. Advocates have been calling for the penny to drop for decades.