# @60minutes on TikTok

- **Type:** Video
- **Original URL:** https://www.tiktok.com/@60minutes/video/7509847703665380654
- **Gondola URL:** https://gondola.cc/posts/31013716-60minutes-tiktok
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/73384b2500.jpg
- **Posted:** 2025-05-29T12:44:53.000+00:00
- **Account Owner:** 60 Minutes (@60minutes) — https://gondola.cc/60minutes

## Caption

The U.S. Treasury Department announced it intends to begin phasing out the production of new pennies in 2026. What does this mean for your wallet? In 2008, former Mint director Edmund Moy warned that eliminating the lowest denomination coin usually causes at least a one-time spike in inflation. #60minutes #pennies #inflation 

## Stats

- **Views:** 61,400
- **Likes:** 1,467
- **Shares:** 24
- **Comments:** 29

## Tags

inflation, pennies, 60minutes

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