HomeCoinWeek PodcastCoinWeek Podcast #4: CoinWeek: It’s Time for the United States to Eliminate...

CoinWeek Podcast #4: CoinWeek: It’s Time for the United States to Eliminate the Cent – Audio: 6:12


Former Director of the United States Mint Philip N. Diehl believes that the one cent coin has outlived its usefulness. The last time the one cent coin became too costly to make, the mint changed the coin’s composition, replacing copper with zinc. That was in 1982. A recent Mint study found that no change in composition would allow for the continued production of the coin at a profit. There’s literally no metal cheaper than a cent!

But what keeps the one cent coin alive? And would Americans even notice if the one cent coin went away? We asked Philip Diehl these questions and the answers he gave us were telling – not just about the dollars and cents of coin production.

In this episode of the CoinWeek Podcast, Philip Diehl discusses the one cent coin, his efforts to eliminate it during his term in office and how the penny’s most important advocates – the zinc industry – keeps the coin alive.

This article was originally published in print on January 28, 2015. You can read the original article by clicking this link.



The CoinWeek Podcast is a brand new CoinWeek program that takes our best articles and news features and converts them into high quality audio presentations. Listen to the CoinWeek podcast on CoinWeek or download the program from the iTunes store.


CoinWeek is the #1 website online for news and information about numismatics.

CoinWeek has also won the NLG Award for best numismatic website 4 years running!


Copyright © CoinWeek November 2015

COINWeek is the most advanced independent on-line media source for print and video Rare Coin and Currency news; with analysis and information contributed by leading experts across the numismatic spectrum.

More news and videos about coin collecting at CoinWeek

Related Articles


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

AU Capital Management US - Ancient and World Coins