penny

Is it Time for the Penny to Die? How the Iconic Cent Coin Lost Its Shine

There are more than 130 billion pennies in circulation right now, amounting to more than a billion dollars worth of coins. But the value of the penny has declined to the degree that it now costs more than one cent to produce the one cent coin. So is it time for the penny to be retired? NBCLX storyteller Peter Hull takes a deep dive into the future of our currency.