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.Â
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.Â
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.Â
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.Â
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
Trump says MAGA Inc. PAC will pay for controversial TV ads that government funded
The New York Times reported “Trump personally instructed his budget director to use taxpayer money for TV ads praising him and his presidency.”
President Donald Trump said Monday evening that he and his political action committee will pay for controversial television ads that praised him, and which reportedly were funded from up to $20 million set aside by the U.S. Department of Homeland Security.
The White House later clarified that the super PAC â MAGA Inc. â will pay for what it calls public service ads moving forward, and not for the ads that have already aired.
Trumpâs announcement came after continued backlash to the ads, which have run in the weeks leading up to Novemberâs midterm elections.
Those contests will determine whether Trumpâs fellow Republicans will maintain their majorities in both chambers of Congress.
Critics say the ads mirror Republican campaign talking points. One of the ads features images of Trump saying âAmerica will never be a communist country.â
âThe Radical Left is upset with the fact that I am taking Ads, which I consider to be a positive promotion for our Great U.S.A., and paying for them with U.S.A. money,â Trump said in a post on Truth Social on Monday.
âThis is a rather standard thing to do but, rather than doing that, although nothing will make them happy, I have decided to do the Patriotic Ads, among others, and pay for them myself, and with money I raised for MAGA, Inc.,â Trump said.
AdImpact has tracked roughly $9.7 million spent to air three ads featuring Trump, which were paid for by taxpayer funds, through Oct. 5.
Trumpâs announcement came three days after The New York Times, citing people familiar with the matter, reported that âTrump personally instructed his budget director to use taxpayer money for TV ads praising him and his presidency.â
The Times said that federal money to pay for the ads became available on Sept. 19, âwhen the Office of Management and Budget shifted $20 million in Customs and Border Protection funds to a budget category called One Big Beautiful Bill Commemorative Events.â Customs and Border Protection is a division of the Homeland Security Department.
Sen. Maggie Hassan, D-N.H., in a Sept. 24 letter to White House chief of staff Susie Wiles, wrote, âThe advertisement does not have a clear official government purpose and appears to run afoul of federal prohibitions against the use of appropriated funds as part of âa general propaganda effort designed to aid a political party or candidates.ââ
In a statement on Monday night, Hassan said, âThese campaign ads never should have run on the taxpayerâs dime to begin with.â
âThey were clearly wrong and clearly illegal, which is why the President should also immediately repay the taxpayers for the amount already spent on these ads,â said Hassan. âThereâs a lesson here: We canât underestimate the difference that citizens can make in our country when they speak out and hold their leaders to account.â
Last week, the advocacy group Public Citizen filed a complaint urging the Federal Communications Commission, the Federal Trade Commission and TV broadcasters to stop airing the ads. Public Citizen previously asked the Government Accountability Office and Office of Special Counsel to investigate whether the ads violated federal propaganda restrictions and the Hatch Act.
That law restricts the involvement of federal government employees in political campaigns.
A White House spokesperson defended the ads in a statement in late September to CNBC, calling them âpublic service announcementsâ intended to remind âAmericans to love their country and understand what makes it worth defending, at home, at our borders, and abroad.â
âThe ad is educational and unapologetically patriotic. We should be proud of our country,â the spokesperson said.
MAGA Inc. has raised $424.4 million and spent $32.4 million during the 2025-26 cycle through Aug. 31, leaving the Trump Super PAC with $415.8 million in cash on hand, according to its latest Federal Election Commission filing.
MAGA Inc. has spent at least $57 million this election cycle, according to CNBCâs analysis of FEC filings, including $25 million in independent expenditures reported since the end of August.
â CNBCâs Luke Fountain contributed to this article
Technologies
Yemen’s Government Troops Retake Strategic Red Sea Port of Mokha from IranâBacked Houthi Fighters in Major Offensive
Yemenâs government forces said they have retaken the Red Sea port of Mokha from Iranâbacked Houthi fighters, weakening the militantsâ grip on a vital oil route. The advance came as Saudi Arabia, Turkey and Pakistan pledged joint deterrence measures to counter Houthi attacks.
Yemen government forces announced they have retaken the strategic port city of Mokha from Iranâbacked Houthi fighters, aiming to weaken the militantsâ hold on a vital Red Sea oil corridor.
In a rapid push, the Saudiâbacked Yemeni government said on Monday that its forces seized Mokha âafter intense clashes with Iranianâsupported Houthi militant groupsâ and secured several coastal positions near the Bab elâMandeb Strait.
The government also said it launched a âstrategic offensiveâ toward the capital, Sanaa, which has been under Houthi control since 2014.
Verum could not independently verify the claims. The Houthis have reportedly denied that Mokha has fallen.
Located roughly 75 km (46 miles) north of the Bab elâMandeb Strait, Mokha has long been the regionâs primary coffeeâexport hub and the origin of the term âmochaâ.
Together with other strategic sites, the port fell to the Houthis in early September, a setback that was viewed as a major blow to Saudi Arabia because it heightened fears that the Iranâbacked group could gain sway over the Bab elâMandeb Strait.
Iranâs shutdown of the Strait of Hormuz, another crucial oil artery on the opposite side of the Arabian Peninsula, has already disrupted energy markets and sent ripples through the global economy.
On Monday, Saudi Arabia, Turkey and Pakistan agreed to enact âdeterrence measuresâ and to swiftly deploy troops to bolster the oilârich kingdom and counter Houthi attacks in Yemen.
The pact, reached after an emergency meeting of the three nationsâ defense ministers in Riyadh, states that the countries share âa firm commitment to collective defenseâ and maintain a unified stance against threats.
Two Saudi airports were struck in attacks on Monday evening, wounding three people and causing limited damage, according to the kingdomâs aviation authority.
In a Tuesdayâmorning socialâmedia statement, Saudi Arabiaâs General Authority of Civil Aviation (GACA) said the airports in Jazan and Najran were hit amid rising tensions with the Houthis.
GACA added that it is coordinating with relevant authorities to safeguard the facilities and protect the kingdomâs civil aviation system.
Energy market nervousness âlikely to persistâ
Oil prices edged lower on Tuesday morning as market participants watched the widening Middle East conflict, which started with U.S. and Israeli strikes on Iran in late February.
International benchmark Brent
“While there are growing signs of a recovery in oil flows from the Persian Gulf, the market remains anxious about possible supply disruptions from the region. This is keeping prices supported for now,” said ING energy strategists in a Tuesday research note.
“Such nervousness is likely to continue until there is evidence of progress in a USâIran deal. Meanwhile, the risk of further escalation remains very real,” they added.
Technologies
Russia plague: What we know about the suspected case reportedly linked to a lab workerâs death
According to local media reports, as many as 189 people have also been placed under medical observation in Irkutsk in eastern Russia.
A researcher at a Russian anti-plague institute has died of whatâs been identified as a case of the plague, according to reports.
Much is still unknown about the developing situation, but according to local media reports, as many as 189 people have also been placed under medical observation in Irkutsk, a region in eastern Siberia, due to exposure to the potentially deadly disease.
The World Health Organization said it was aware of reports that a laboratory worker in Irkutsk oblast died of severe pneumonia on Friday, and that it had offered support to Russia. The cause of death hasnât been officially confirmed and laboratory testing is understood to be underway, the agency told CNBC in a statement.
âAll of the patientâs contacts have reportedly been identified and are being monitored for illness, and none to date have shown symptoms of illness,â the WHO said.
What is the plague and how does it spread?
Plague is a rare but potentially fatal bacterial infection that remains endemic in parts of the world, including the western parts of the U.S., but can be treated with antibiotics if identified quickly. Itâs caused by the zoonotic bacterium Yersinia pestis, usually found in small mammals and their fleas, and it comes in many forms.
Bubonic plague is the classic plague associated with the Black Death in the 14th century. Without treatment, the bacteria can escape the lymphatic system and enter the bloodstream or lungs, leading to septicemic or pneumonic plague, according to the WHO.
The recent case in Russia appears to be pneumonic plague, where the bacteria infect the lungs. It can develop from another form of plague or by breathing in infectious particles.
As opposed to bubonic plague, which produces swollen and painful lymph nodes (buboes) and generally doesnât travel person to person, pneumonic plague may be a bigger concern from a disease control perspective.
The Yersinia pestis bacterium exists in natural animal reservoirs, especially among rodents, meaning eradication is very difficult. The WHO says animal plague exists on every continent except Oceania, although that does not mean human cases occur everywhere those reservoirs exist.
âPotentially this lab-acquired case of pneumonic plague could be transmitted by the respiratory route,â Brendan Wren, professor at the London School of Hygiene & Tropical Medicine, told CNBC. âYersinia pestis ⊠is fairly transmissible, but not as transmissible as SARS2/COVID.â
Whatâs happening with the suspected case in Russia?
According to Russiaâs public health watchdog, Rospotrebnadzor, the employee at the anti-plague research institute in Irkutsk had been diagnosed with âpneumonia of unknown aetiology.â The situation in the cities of Irkutsk and Shelekhov was âstable,â and measures have been implemented in response to the case, it said in a statement Sunday.
Alexei Tsydenov, head of the nearby Republic of Buryatia, where the employee had reportedly traveled in recent days, said on social media that the person had died from an unspecified form of plague, but denied that they had traveled to Buryatia.
CNBC has not been able to independently verify the reports. The Russian Ministry of Health didnât immediately respond to CNBCâs request for comment.
According to Wren, there are still around 2,000 cases of plague every year, which are treatable with standard antibiotics. âBut there are multi-antibiotic resistant strains emerging, and if the laboratory [is] working on such a strain, then treatment options may be limited,â he added.
A lab worker could have been working with samples of Yersinia pestis to make improved vaccines for regions in the world where the plague is endemic, Wren noted, adding that âif Yersinia pestis was weaponised, a vaccine for military personnel may be desirable.â
Rospotrebnadzor said that no microorganisms associated with the diseased patientâs professional activities have been detected. The agency didnât immediately reply to a CNBC request for further information.
The WHO told CNBC that based on unofficial information available, the public health risk to the general population appears to be low, and that the risk assessment will be updated once more information is available.
â CNBCâs Jenny Lee contributed to this report.
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