Technologies
Best Phone Under $500 for 2023: New Features at Lower Prices
Our latest best phone under $500 is so close to its more expensive sibling, there’s no reason to pay more for it.
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The best phones under $500 include so many features that you want to see in an excellent phone, with sacrifices that you might not even notice. These are phones that include displays with high refresh rates, modern chips, good cameras and 5G. They even get several years of software and security updates.
These phones do make cuts that justify why they’re cheaper than phones that cost more than $500, but those cuts are increasingly in areas that might not raise any particular flag when you just want a reliable device. Apple’s iPhone SE along with Google’s Pixel 6A and 7A phones, for instance, have a smaller screen, but all run on newer processors and software. Samsung’s Galaxy A series of phones often look just like the Galaxy S line, but instead run on a less powerful processor. And the Moto G Stylus 5G takes nice photos, provides a roomy 256GB of space and throws in a stylus, but Motorola doesn’t provide software support for as long as its competitors.
Photography and video in particular are areas where the phones in this price bracket take a noticeable hit in comparison to their more expensive counterparts. However, photo-processing software should help pick up some of the slack. For instance, while the iPhone SE has a single 12-megapixel camera that doesn’t support night photography, its A15 Bionic chip does allow for Apple’s Deep Fusion processing. It’s a similar situation for the Pixel 6A, which uses a 12-megapixel main camera and a 12-megapixel ultrawide camera, yet can enhance those photos with processing powered by the phone’s Tensor chip. However the new Pixel 7A offers a 64-megapixel main camera, which some might consider an upgrade from the Pixel 7’s 50-megapixel main camera.
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You can see the pros and cons of each of these phones below, with more details available in our full reviews.

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What is the best phone under $500?
Google’s $499 Pixel 7A compares so closely to the $599 Pixel 7, that it’s now tough to recommend the more expensive option. The Pixel 7A includes the same Tensor G2 processor that powers Google’s Pixel-exclusive features, gets wireless charging, a 90Hz refresh rate and a 64-megapixel main camera paired up with a 13-megapixel ultrawide camera. My colleague Lisa Eadicicco said that the Pixel 7A does miss out on the Pixel 7’s battery share feature, the camera’s Action Pan mode and slightly faster charging, but none of those features feel like a major omission.
And if you want to save even more money, last year’s Pixel 6A has received a permanent price drop to $349 and still has a lot to offer. It runs on the Tensor chip, includes many of the same Pixel features like Real Tone for photography and Hold for Me for phone calls and takes crisp and colorful photos for a phone of its price. This is especially true when it gets discounted to $299, which it often is, making it the best phone for under $300 as long as it’s on sale.
Best phones under $500
Google’s budget phone took a leap forward in 2023 with the Pixel 7A, which offers many of the same benefits as the Pixel 7 but at a cheaper price. Like the Pixel 7, the Pixel 7A runs on Google’s Tensor G2 processor, meaning it has many of the same photo editing and language translation features as its pricier sibling. The Pixel 7A’s 64-megapixel camera also takes excellent photos that rival the Pixel 7’s in quality.
While we still like the Pixel 7, the Pixel 7A’s lower price makes it a better deal for most people. Only opt for the Pixel 7 if you really want a slightly larger screen and are willing to pay the extra $100 for it. Otherwise, the main differences between the Pixel 7 and 7A come down to the former’s more durable build, slightly faster charging and its ability to wirelessly charge compatible accessories. The Pixel 7 also has a larger camera sensor that’s more sensitive to light, according to Google, but CNET’s Lisa Eadicicco didn’t notice much of a difference.
The Pixel 6A is still available, and at its permanently discounted price of $349, it still has a lot to offer. CNET’s Lisa Eadicicco said in her Pixel 6A review that the phone includes many of the Pixel 6’s best features, and that remains the case even as the Pixel 7A hits the market at $499.
The phone is slightly smaller than the Pixel 6, featuring a 6.1-inch OLED display and a refresh rate of 60Hz. And while it has a 12.2-megapixel main camera and a 12-megapixel ultrawide camera, photos taken look quite good using Google’s photo processing software. Pictures can benefit from its Real Tone skin tone feature, Face Unblur, Night Sight for darker photography and the Magic Eraser for removing unwanted elements from a photo.
The Samsung Galaxy A53 includes many of the best features seen in the Galaxy S22 line, with a few tradeoffs to hit that lower price. The phone includes a 6.5-inch AMOLED screen with a 2,400×1,080-pixel resolution, 5G support and a long-lasting 5,000-mAh battery. The phone also comes with a 64-megapixel main camera, 12-megapixel ultrawide camera, 5-megapixel macro camera and 5-megapixel depth camera.
But a particular high point for this phone is Samsung’s pledge to provide four years of software support, in addition to shipping with Android 12 with Samsung’s One UI 4.1. However, Samsung just announced a new version of this phone, called the Galaxy A54 5G, which we’re looking forward to testing soon.
The $429 iPhone SE is a mix of an older design with the latest smartphone features, including Apple’s A15 Bionic chip and 5G support. It’s also one of the few phones on the market that includes a smaller, 4.7-inch screen.
It’s that throwback design, which continues the general shape that Apple has used since 2014, that could be what you love or dislike most about this phone. If you want a larger iPhone in this price range, you can also consider the iPhone 11, and get a bigger screen and Face ID. But that phone does not include 5G connectivity.
The phone also only includes one 12-megapixel main camera, which does not support night mode. Most other phones in this roundup include multiple cameras and features like night mode, making the omission noticeable. However, photos make up for this by including the Deep Fusion photo-processing technique to enhance medium-to-low light photos, and Smart HDR4 processing for improving color and contrast. CNET Managing Editor Patrick Holland did find that video shot in 4K resolution at 60 frames per second is particularly good on the iPhone SE, but it will not include the Cinematic Mode seen on the iPhone 13.
The $500 Moto G Stylus 5G (2022) is one of the best stylus-equipped phones you can get right now, especially for the price. You get Android 12, 5G connectivity, a large 6.8-inch screen and a spacious 256GB of storage. Unfortunately, the phone is only promised one software update and three years of security updates, which is a much shorter timeline than the four years promised by Samsung for the Galaxy A53.
Yet if you want a stylus-equipped phone, the next step-up option is the substantially more expensive Galaxy S22 Ultra at $1,200.
With the launch of the iPhone 14 series, Apple discontinued the $500 iPhone 11, but it’s still widely available. It might be a few generations old, but this phone is still more than capable, handling gaming well and equipped with two superb rear cameras. It is missing 5G support, which is increasingly improving as wireless carriers invest in the network, but the phone will work fine on LTE and Wi-Fi. The iPhone 11 also does not support MagSafe accessories, which were introduced alongside the iPhone 12.
Just note that some places may be selling refurbished versions of the phone since Apple itself is no longer selling new iPhone 11 models. Best Buy does not carry any unlocked models, so you’ll have to sign up for a service plan through either AT&T, Verizon, T-Mobile or Sprint.
The Nothing Phone 1 is technically available in the US for $299, but only through a beta program that is selling an international model with limited US carrier compatibility. While the company does plan to officially launch a future phone for the North American market, this phone is still worth a look in countries where it’s available. It offers a striking design and decent specs for the money, even at its higher £399 UK price (which converts to roughly AU$700).
The Nothing Phone 1 is adorned with LED strips on the back, each of which is called a «glyph,» that light up for alerts and notifications. That design is accompanied by two 50-megapixel cameras: a wide angle and an ultrawide. Around the front is a 6.55-inch 120Hz display with a 2,400-by-1,080-pixel resolution and a 16-megapixel selfie camera. The phone runs on a Snapdragon 778G Plus chip, with models that start with 8GB of memory and 128GB of storage.
All that amounts to a phone that compares well within the price range, especially given its camera quality and looks.
How we test phones
Every phone on this list has been thoroughly tested by CNET’s expert reviews team. We actually use the phone, test the features, play games and take photos. We assess any marketing promises that a company makes about its phones. And if we find something we don’t like, be it battery life or build quality, we tell you all about it.
We examine every aspect of a phone during testing:
- Display
- Design and feel
- Processor performance
- Battery life
- Camera quality
- Features
We test all of a phone’s cameras (both front and back) in a variety of conditions: from outdoors under sunlight to dimmer indoor locales and night time scenes (for any available night modes). We also compare our findings against similarly priced models. We have a series of real world battery tests to see how long a phone lasts under everyday use.
We take into account additional phone features like 5G, fingerprint and face readers, styluses, fast charging, foldable displays and other useful extras. And we, of course, weigh all of our experiences and testing against the price so you know whether a phone represents good value or not.
Read more: How we test phones
Phones under $500 comparison
Samsung Galaxy A53 5G vs. Motorola Moto G Stylus 5G vs. Google Pixel 6A vs. Apple iPhone SE (2022) vs. Nothing Phone 1 vs. Apple iPhone 11
| Samsung Galaxy A53 5G | Motorola Moto G Stylus 5G (2022) | Google Pixel 6A | Apple iPhone SE (2022) | Nothing Phone 1 | iPhone 11 | |
|---|---|---|---|---|---|---|
| Display size, resolution | 6.5-inch AMOLED (2,400×1,080 pixels); 120 Hz | 6.8-inch LTPS LCD FHD+; 2,460 x1,080 pixels; 120 Hz | 6.1-inch OLED; (1080 x 2400); 60Hz | 4.7-inch LCD; (1,334×750 pixels); 60 Hz | 6.55-inch OLED display,2,400 x1080 pixels; | 6.1-inch LCD Liquid Retina; 1,792×828 pixels |
| Pixel density | 405ppi | TBD | 429 ppi | 326ppi | 402ppi | 326ppi |
| Dimensions (inches) | 6.28 x 2.94 x 0.32 in. | 6.65 x 2.98 x 0.37 in. | 6.0 x 2.8 x 0.35 in. | 5.45 x 2.65 x 0.29 in. | 5.94×2.98×0.33 in. | |
| Dimensions (millimeters) | 159.6 x 74.8 x 8.1 mm | 168.9 x 75.8 x 9.3 mm | 152.2 x 7.18 x 8.9 mm | 138.4 x 67.3 x 7.3 mm | 159.2 x 75.8 x 8.3 mm | 150.9×75.7×8.3 mm |
| Weight (ounces, grams) | 6.67 oz.; 189g | 7.58 oz.; 215 g | 6.3 oz.; 178g | 5.09 oz.; 144g | 193.5g | 6.84 oz.; 194g |
| Mobile software | Android 12 | Android 12 | Android 12 | iOS 15 | Android 13 | iOS 13 |
| Camera | 64-megapixel (wide), 12-megapixel (ultra-wide), 5-megapixel (macro), 5-megapixel (depth) | 50-megapixel (wide), 8-megapixel (ultrawide/macro), 2-megapixel (depth) | 12.2-megapixel (wide), 12-megapixel ultra wide) | 12-megapixel (wide) | 50-megapixel (main), 50-megapixel (ultra-wide) | 12-megapixel (wide), 12-megapixel (ultra-wide) |
| Front-facing camera | 32-megapixel | 16-megapixel | 8-megapixel | 7-megapixel | 16-megapixel | 12-megapixel with Face ID |
| Video capture | 4K | 1,080p | 4K | 4K | 4K at 60fps | 4K |
| Processor | Exynos 1280 | Snapdragon 695 5G | Google Tensor | Apple A15 Bionic | Snapdragon 778G+ | Apple A13 Bionic |
| RAM/Storage | 6GB/128GB | 8GB/256GB | 6GB RAM/128GB storage | 64GB, 128GB, 256GB | 8GB + 128GB, 8GB + 256 GB, 12GB RAM + 256GB | 64GB, 128GB, 256GB |
| Expandable storage | Up to 1TB | Up to 1TB | None | NA | None | None |
| Battery/Charger | 5,000 mAh (charger not included, does not support wireless charging) | 5,000 mAh (10W wired charger included) | 4,410 mAh capacity; 18-watt fast charging (adapter sold separately) | Battery NA (20W wired charging — charger not included), 7.5W wireless charging) | 4,500 mAh (33W wired charging, 15W wireless charging, 5W reverse charging) | Not disclosed, but Apple claims it will last 1 hour longer than iPhone XR |
| Fingerprint sensor | In-display | Side | Under display | Home button | In-display | None (Face ID) |
| Connector | USB-C | USB-C | USB C | Lightning | USB-C | Lightning |
| Headphone jack | None | Yes | None | None | None | No |
| Special features | 5G-enabled; IP67 rating; supports 25W wired fast charging, Samsung Pay | 5G-enabled; OIS for main camera; NFC for Google Pay; | 5G-enabled, 18W fast charging, Wi-Fi 6E, security updates for 5 years, Android OS updates for 3 years, dual SIM, IP67 water resistance | 5G-enabled; supports 25W wired fast charging; Water resistant (IP67); dual-SIM capabilities (nano-SIM and e-SIM); wireless charging | 5G, IP53, Three years of Android updates, Dual Sim, 120Hz adaptive refresh rate | Water resistant (IP68); dual-SIM capabilities (nano-SIM and e-SIM); wireless charging |
| Price off-contract (USD) | $450 | $500 | $449 | $399 (64GB), $449 (128GB), $549 (256GB) | N/A | $499 |
| Price (GBP) | £399 | NA but converts to £405 | £399 | £419 (64GB), £469 (128GB), £569 (256GB) | £399 | £489 |
| Price (AUD) | AU$699 | NA but converts to AU$715 | A$749 | AU$749 (64GB), AU$829 (128GB), AU$999 (256GB) | N/A | AU$849 |
Phones under $500 FAQs
Are cheaper phones worth it?
For many people, a phone that costs less than $500 will likely have everything you need for communication, photography and entertainment. In some cases, the phones even provide some of the latest features seen on higher-end phones like smooth 120Hz refresh rates and multiple cameras.
However, you should be aware of — and OK with — the limitations a phone may have compared to its more expensive counterparts. For instance, if you want an iPhone with a bigger screen than the iPhone SE and iPhone 11’s screens, your next best option is the $899 iPhone 14 Plus. That’s far outside the $500 price range, but you also get additional benefits like an improved camera.
On the other hand, if you want a phone with a bigger screen and if running Android is fine, you’ll have plenty of options that are under $500.
Can you get a good camera on a cheaper phone?
Yes, you can find several cheaper phones that take great photos, whether it’s through the camera available on the device, photo processing software on the phone or — is most often the case — a combination of both.
Apple’s iPhone SE includes the A15 Bionic chip, which supports Smart HDR4 processing and Apple’s Deep Fusion processing. Smart HDR4 helps with improving color and contrast, while the Deep Fusion processing helps with medium- to low-light environments. CNET Managing Editor Patrick Holland put together a sampling of photos and videos taken on the phone during his review, which can be watched on the CNET Highlights YouTube channel. However, the iPhone SE also has only one 12-megapixel camera, and that camera does not support night photography.
Over on the Android side, the Google Pixel 6A includes the company’s Tensor chip, which brings photography features like Real Tone for capturing more accurate skin tones, Face Unblur for fixing a person’s face and Magic Eraser for removing unwanted objects. But it has a 12-megapixel main camera paired up with a 12-megapixel ultrawide camera, which takes good photos but is a clear step down from the 50-megapixel main camera seen on the Pixel 6 and Pixel 7.
Samsung’s Galaxy A53 is an interesting case: Iit has a main 64-megapixel camera alongside a 12-megapixel ultrawide, 5-megapixel macro camera and 5-megapixel depth camera. While that’s more megapixels than the 50-megapixel main camera on the Galaxy S22, the image detail is a step down with the S22 able to produce photos with better contrast and sharpness.
What makes these phones cheaper?
Each company takes a different approach toward cheaper phones.
The iPhone SE, for example, has a recent Apple processor packed inside an otherwise dated phone design. Google’s Pixel 6A likewise includes the new Tensor processor, but uses an older 12.2-megapixel main camera instead of the 50-megapixel main camera found on the $599 Pixel 6.
Samsung’s Galaxy A53 takes the opposite approach. It includes a processor that’s slower than the Galaxy S22’s but includes other modern features like a screen with a high refresh rate.
More phone advice
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- Samsung’s Galaxy Phones: Which Should You Buy?
- SIM Card Swap Fraud: What It Is and How to Prevent It
- Best Cheap Phones Under $200: Top Picks and New Budget Phones
- Best iPhone Fast Charger for 2023
- Best iPhone for 2023: Which of Apple’s 8 Phones is Right for You?
Technologies
Las Vegas First Responders Lean on AT&T’s FirstNet to Stay Connected During the F1 Race
Amid the chaos of the Formula 1 Las Vegas Grand Prix, I talked to AT&T and first responders about how they plan and operate during events like this.
At the Formula 1 Las Vegas Grand Prix race, Rich Johnson can hear the distant percussive blats of the F1 cars racing in downtown Las Vegas, but he won’t get to see them all weekend. And he’s fine with that.
Although he’s in town specifically for the event, his main focus is ensuring that, in the event of any emergencies, first responders can communicate and coordinate effectively. I spent time with Johnson, the associate director of network disaster recovery for AT&T, to learn more about an important piece of the race weekend that most people won’t — and shouldn’t have to — think about.
Johnson oversees teams of people and resources strategically positioned around the race track and throughout the city as part of FirstNet, the First Responder Network Authority, «a private/public partnership between AT&T and the US government to create, maintain and service a nationwide public safety drop-in network,» he explains.
FirstNet operates on Band 14, a patch of spectrum dedicated for first responders so they don’t have to compete for a signal if something happens, even in a wireless-rich environment like a Formula 1 race.
«If our primary communication methods fail, we have backups that we can go to,» said Brian O’Neal, deputy fire chief with the Clark County Fire Department and emergency manager for Clark County. «Typically that involves moving from radio to cellular. When you look at an event like this, where a 3.8-mile track is running through the middle of the city, capacity within that system becomes a concern.»
That’s where FirstNet comes in, enabling every first responder to communicate with one another on that dedicated spectrum, which is not affected by all of the other competing signals.
As I spoke with O’Neal and Johnson, several bright yellow Clark County fire trucks rolled out behind them to be deployed throughout the area. Johnson pointed out that when the event is going on, traffic is even worse because it’s locked down, so ingress and egress is extremely difficult.
«All these fire trucks will end up being in that footprint before it gets locked out,» said Johnson. «And because we are so embedded with public safety, that’s part of the plan. We have our staff and equipment pre-staged throughout the footprint as well.»
One piece of equipment Johnson showed me was a small portable trailer that can be set up by a single person. When it’s activated, a process that takes about 30 minutes, it provides about a mile of FirstNet coverage.
It’s often towed by a larger response communications vehicle, which was also parked at the ready and has a deployable 20-foot mast that can provide cellular to first responders over about a mile-and-a-half radius.
Johnson also took me to the roof of a nearby parking garage, where a portable network tower occupied two parking spaces with a lovely view of downtown Las Vegas and the race track in the distance. It’s up there in «hot standby» mode as a backup to ensure a consistent flow of communication. If needed, it can be activated remotely in a few seconds, using a large dish to communicate with a long-range satellite as the data backhaul.
It’s unlikely the unit will be used during the weekend, but the commitment to multiple redundant systems is why it’s parked in the same spot as it was last year.
Planning for an event like this takes about six months, said Johnson, although much of it came together in four months this year because this is the third Las Vegas Grand Prix where FirstNet has been on hand. Both Johnson and O’Neal reiterated that the technologies and capabilities of these tools are used throughout the year for everyday operations, too. They’re just scaled up dramatically for a planned event like this.
Johnson said AT&T has over 190 assets like these dedicated to FirstNet, with access to over 750 AT&T assets they can use exclusively for public safety if needed.
Technologies
Pennies With Purpose: Smart and Simple Ways to Use the Disappearing Coin
The classic one-cent coin is being retired, but it still has purpose.
The penny — that lowly, grimy, circular piece of copper and zinc — is getting the last laugh. It’s been less than a month since the last one was minted on Nov. 12, and there are growing penny shortages all over the US. Stores are actually paying people to bring them in, and businesses fear they could lose millions of dollars.
What’s that old saying? You don’t miss something until it’s gone? Maybe the penny was more important than we thought. But that old one-cent coin had been fighting a losing battle for respect for years. You can’t buy anything with them anymore, not even a gumball. Most of us just toss them into a junk drawer or a glass jar. A sad penny can even lie on a sidewalk all day and not get scooped up.
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The US Mint printed the last pennies on Nov. 12, ending a 230-year run. According to the Mint, the cost of making the coin was 3.69 cents for every one-cent penny — hardly a smart return on investment for taxpayers.
However, with the discontinuation of penny production, some brick-and-mortar businesses across the country have been unable to give back exact change because they lack sufficient pennies, if any at all.
A Retail Industry Leaders Association survey revealed that thousands of stores have no pennies, and they are calling on the federal government to take action.
Grocery chain Price Chopper and Market 32 recently held a Double Exchange Day, where people brought in their pennies and received double the value back in the form of a shopping voucher. Similarly, grocery chain Giant Eagle offered gift cards worth twice the amount of pennies customers brought in during a one-day event on Nov. 1.
Millions at stake
CBS News asked several large companies how they would handle cash transactions if there were shortages of pennies at the counter. McDonald’s said the company’s restaurants would round up or down to the nearest nickel, meaning an order costing $12.43 would round up to $12.45, but an order costing $12.42 would round down to $12.40.
Wendy’s, Kwik Trip, and GoTo Foods — parent company of Auntie Anne’s, Cinnabon, Jamba and Carvel — all said they would round down to the nearest nickel in favor of the customer. Kroger will encourage customers to use exact change, but still accepts pennies as payment.
Rounding down is beneficial for consumers, but the National Association of Convenience Stores estimates that thousands of stores across the US could collectively lose more than $1 million a day by rounding down. The NACS wants US lawmakers to create a law that would allow businesses to round transactions up to the nearest nickel.
Until the federal government establishes guidelines or regulations on how to address the disappearing penny, things will remain chaotic for a while.
Others have ditched the penny
Mark Stiving, CEO of pricing strategy company Impact Pricing, said the discontinuation of the penny will have «almost zero impact» on consumers and businesses in the long run. And he’s got the receipts from New Zealand to prove it.
«What I think is about to happen is that companies will still put prices out in ‘9’s (like $49.99),» Stiving told CNET. According to Striving, New Zealand used the rounding method after demonetizing and phasing out its penny. «You’d still price something at $9.99, but you just rounded it to the nearest nickel. So whenever a transaction happened, it was always the nearest nickel.»
Be penny-wise and take action
You’re not going to find a fortune by foraging all the pennies in your home, unless you have an exceptionally rare one lying around. But if you dig around your bedroom, garage, kitchen and even your car, you might collect a few bucks worth. That’s not nothing. Would you let a five-dollar bill collect dust in a drawer? Of course not.
Find a Coinstar kiosk. You’ve likely walked by one of the company’s 17,000 machines without even noticing it, but this is a pretty handy way to convert those pennies and other coins into cash. The process is simple: Locate a kiosk (typically found inside a grocery store) and deposit your coins to receive a cash voucher, which you can redeem at checkout or at customer service. There is a service fee of nearly 13%, so if you redeem $100 worth of coins, you’ll get $87.
Wrap the coins and find a bank: Many banks and credit unions will accept your coins. They might have a coin-counting machine, or they may ask you to organize the coins into wrappers, which is time-consuming but also will give you an idea of just how many coins you’ve been stashing. There may or may not be a fee, depending on whether you’re an account holder. (Note: Some banks will not accept prewrapped coins; they must be counted out or machine-checked to ensure they are legitimate.) Yes, people do hide same-weight slugs inside coin rolls.)
Just spend them: Gone are the days when you could ride your horse down to the general store and buy something with a penny, but there are still a few holdouts. Dollar General offers a weekly Penny List featuring out-of-season or discontinued items that have been marked down to just one cent. Websites such as The Krazy Koupon Lady and The Freebie Guy provide weekly updates on what you can get for a penny at Dollar General — if those items haven’t already been removed from the shelves. Krazy Koupon Lady even has a Home Depot hack where you can get items for a penny.
Find a collector’s item: It’s highly unlikely, but you never know. The most valuable penny is a 1943-D Lincoln Wheat Cent Penny, which could fetch nearly $2.5 million. Or perhaps you have an 1880 Indian Head Cent, which could net you around $150. USA Coin Book’s list of valuable pennies is here.
Fun and skills for kids: Those pennies could help you level up your arts and crafts toolbox. Help kids learn about budgeting, create some art, do a science experiment — you’ve got options! Check out Greenlight’s ideas.
Is the nickel next to go?
The penny is just the latest US coin to be discontinued. The half-cent, the half-dime, the large cent, the double eagle and several others have all come and gone.
The nickel could be next. It costs nearly 14 cents to make, almost three times the face value of the five-cent coin. The primary problem is that nickels are comprised of 75% copper and 25% nickel, metals which have doubled in price over the past decade.
But it will be tougher to eliminate the nickel than the penny. Rounding up or down to the nearest dime could cost US taxpayers $56 million per year, according to a study by the Federal Reserve Bank of Richmond. That is significantly more than the estimated $6 million rounding hit per year caused by the penny’s retirement.
A penny for your trivia
The penny may be vanishing, but its history is full of fun facts.
President Lincoln was not always on the penny. Honest Abe only became the star attraction in 1909, in honor of the 100th anniversary of his birth. Lady Liberty was the first to appear on the penny, back in 1793.
Newer pennies have little copper: Pennies minted after 1982 are made of copper-plated zinc, which consists of 97.5% zinc and 2.5% copper.
You can clean them: Vinegar, vegetable oil and water can help wash away decades of soot and grime off those pennies. But «don’t, don’t, don’t, don’t» even think about it if you want to hunt for any collectables in your penny stash — it could significantly damage their worth, says one coin shop owner.
Only Lincoln faces right: Our 13th president is the only person depicted on coins who is facing to the right. Everyone else faces left. Pull out some change and check for yourself.
50-50 coin toss? Try 80-20: Stanford math professor and former magician Persi Diaconis says that a penny will land tails up 80% of the time because the side with Lincoln’s head weighs significantly more than the tails side.
What D, S and P mean: Lettering on the front of the penny indicates where it was minted: D for Denver, S for San Francisco and P for Philadelphia. But you’ll only see P on pennies minted in 2017, which was done to celebrate the US Mint’s 225th anniversary. In all other years, pennies minted in Philly didn’t have the P.
Five special pennies: The final five pennies ever minted feature a special omega symbol, chosen because omega is the final letter in the Greek alphabet. You’re unlikely to ever see one in real life. Those five pennies will not enter circulation, according to the Treasury Department. Instead, the government plans to auction them off. Details about the auction aren’t yet available.
Technologies
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