Penny Dies, Nickel Rises | Indianapolis News

The House just passed the Common Cents Act, officially killing the penny and making the nickel the new king of small change — with rounding to the nearest nickel becoming the norm. But here’s the twist: it costs 13 cents to make a nickel, and that’s been the case for 20 years. The bill gives the Treasury the green light to redesign the nickel using cheaper materials like zinc — without breaking machines — to finally bring production costs in line with its value. Some say ditching the nickel would’ve been easier, but the penny’s metal experiments already failed, and even steel is too pricey. This is smart, necessary, and long overdue. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0aa6fdf3ad7d0d2b