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Episode 539: What's A Penny Worth?

By David Kestenbaum,
Robert Smith, Jacob Goldstein, Zoe Chace
Published December 12, 2018 at 8:11 PM EST
Planet Money's Jacob Goldstein and Robert Smith bought a washer for two cents in a hardware store in Manhattan.
NPR
Planet Money's Jacob Goldstein and Robert Smith bought a washer for two cents in a hardware store in Manhattan.

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A penny is a strange thing. It ismoney, but it's just about worthless. It's near impossible to buy something with just one penny. (Trust us. We tried.) And yet, the penny doesn't seem to be going anywhere.

Today on the show: Three stories about the one-cent piece. First, we comb Manhattan to find something (anything!) we can purchase for one cent. Next, we talk to a guy who's betting on the government to kill the penny. And finally, we hear how one-cent transactions might just transform the internet.

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Copyright 2021 NPR. To see more, visit https://www.npr.org.

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David Kestenbaum
David Kestenbaum is a correspondent for NPR, covering science, energy issues and, most recently, the global economy for NPR's multimedia project Planet Money. David has been a science correspondent for NPR since 1999. He came to journalism the usual way 鈥� by getting a Ph.D. in physics first.
See stories by David Kestenbaum
Robert Smith
Robert Smith is a host for NPR's Planet Money where he tells stories about how the global economy is affecting our lives.
See stories by Robert Smith
Jacob Goldstein
Jacob Goldstein is an NPR correspondent and co-host of the Planet Money podcast. He is the author of the book Money: The True Story of a Made-Up Thing.
See stories by Jacob Goldstein
Zoe Chace
Zoe Chace explains the mysteries of the global economy for NPR's Planet Money. As a reporter for the team, Chace knows how to find compelling stories in unlikely places, including a lollipop factory in Ohio struggling to stay open, a pasta plant in Italy where everyone calls in sick, and a recording studio in New York mixing Rihanna's next hit.
See stories by Zoe Chace