How to Money · Friday, September 11, 2026
The hosts questioned the continued production of pennies and nickels, highlighting that they cost more to produce than their face value. They noted that while pennies are no longer being produced, retailers are already implementing rounding practices, and the nickel's higher production cost per unit suggests its obsolescence is also imminent.
“And nobody cares. I think people care. It's just that the pennies are still out there. They're still in circulation. People are still using them. And it's something that we made a big fuss over because of the fact that pennies cost more to produce than they actually are worth.”
“But it's just it's interesting to see that nobody really cares that the penny is no longer in production. And once it's fully like fully out of service. I saw this the other day as gas prices are shooting up. What about if diesel crests $10 a gallon, which it could, Matt, in California at some point later this year, who knows? They're going to have to change signage for gas.”
“The nickel costs even more to make than the penny, obviously. It's like nine cents, right? It's 13 cents. 13 cents. Oh, my gosh. It costs 13 cents to make a nickel. And it's only worth five. So we're losing more money per nickel than we were the penny. And so I'm here to officially... start the mob with the pitchforks and say down with the nickel as well.”