Bring even more Marketplace into your daily routine with our new ‘Liquid Assets’ Mug.
Just a thank-you gift for sustaining independent, nonprofit news.
TEXT OF STORY
KAI RYSSDAL: You can spend big money gambling, everything from nickel slots on up. But in everyday life hings often come down to the penny. Interesting, because individually they’re not worth a whole lot. And if one congressman gets his way, you won’t have to worry about them much longer. Alex Cohen has more.
But the penny is an American institution, counters Mark Weller of Americans for Common Cents. What’s more, he adds, for the nation’s charities even pennies can add up to big bucks.
MARK WELLER: For example, the Leukemia and Lymphoma Society budgets $13 million a year through their penny school programs. And that begins to give you an appreciation for the amount of money that’s at stake here.
The US Mint won’t comment on the proposed legislation but did say it has plans to release four new styles of the 1-cent piece to commemorate the bicentennial of Abraham Lincoln’s birth in 2009.
I’m Alex Cohen for Marketplace.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.