“If it’s a penny for your thoughts and you give your two cents worth, where did the other penny go?”
— Comedian George Carlin
– – – – – –
“Are they really going to going to stop making pennies.”
“Must be true, I read they will stop production in 2026,” I said. The lowly penny surfaced as a topic of conversation at dinner with friends last week. Sadly, it appears that a penny saved is no longer a penny earned, as Ben Franklin once noted. As a matter of economic fact, they’ve been a monetary loss for most of 20 years.”
According to the U.S. Mint, the production cost of a penny was 3.69-cents in 2024. About 3 cents for manufacturing and the rest for administrative costs and distribution.
“Rising costs aren’t the real reason pennies are going away,” someone added. “No one spends them anymore. Most pennies put into circulation are given as change in cash transactions, then never reused. There were about 240 billion in circulation last year. That’s 700 pennies per person; most in jars or dresser drawers.”
“I have my share,” I laughed. “At least that many on my dresser, more in my car’s console, and not telling how many under the front seat.”
“I save pennies I find on the ground,” said another. “Haven’t you heard the poem? ‘So don’t pass by that penny when you’re feeling blue. It may be a penny from heaven, that an angel’s passed to you.” Finding a penny is a reminder that someone in heaven is thinking about you.”
Adding to the poetic perspective, I contributed, “‘Find a penny, pick it up. All day long you’ll have good luck.’ I’m guilty of picking up a heads-up penny for luck. But if I spot one that’s tail’s up, I turn it over and leave it for someone else to find good fortune.”
While financial fortune might be hard to measure in pennies today, the copper coins represent more than mere monetary value to many. The humble penny represents priceless value in conversational expressions that have coined philosophies of American life for generations.
My grandmother’s favorite was, “Take care of the pennies, and the dollars will take care of themselves.” Survivors of the Great Depression, like my grandparents, characterized the less fortunate by saying, “They’re so poor, they don’t have two cents to rub together.”
“A penny for your thoughts” attributes value in wisdom to the meager one-cent piece. However, I am also quick to remind that “advice is worth what you pay for it.”
Today, “rattling money,” as one longtime friend always described pocket change, can be little more than a nuisance amid plastic money or folding money … or in my case, no money. However, it was historical appreciation for a penny that caused me to pause long enough to peruse a wheat penny in my pocket pile a couple of years ago.
Some my age will remember that the first version of the still-current penny, portraying a likeness of “Honest Abe” on one side, was first issued with two grains of wheat and the words “one cent” on the other. “Wheat pennies,” as they are called by coin collectors,” were minted from 1909 to 1958 when the reverse side was replaced with a likeness of the Lincoln Memorial in 1959.
Finding a wheat penny in pocket change, or anywhere today except in a coin collection, is rare enough. But the odds of someone giving me one in change at a Center, Texas, business that day might have been good enough to win the lottery. It bore the date 1919, minted when plenty of Indian Head pennies produced from 1859 to 1909 were still familiar in pockets and cash registers.
The coin had been in circulation for nearly 100 years the day it ended up in my pocket.
It was crazy to think that World War I had just ended when someone first pocketed the penny. The same year that Congress approved the Grand Canyon as a national park. The year a flight from New York to Atlantic City established the first commercial airline service. When Woodrow Wilson was president. The 19th Amendment to the Constitution, giving women the right to vote, was newly ratified.
And the year before my father’s parents became newlyweds in 1920.
So, what’s a 1919 “wheat” penny worth? Besides lots of memories and some sage sayings about life and luck? Around a dollar, maybe two, according to numismatic value guides.
“What will we ever do without pennies,” one of my friends lamented.
“One thing for sure,” I concluded, “The cost of conversation will go up.”
“From now on, it’s going to be ‘a nickel for your thoughts’ to start discussions like this.”
—Leon Aldridge
– – – – – – –
Aldridge columns are featured in these publications: The Center Light and Champion, The Mount Pleasant Tribune, the Rosenberg Fort Bend Herald, the Taylor Press, the Alpine Avalanche, the Fort Stockton Pioneer, the Elgin Courier, The Monitor in Naples, and Motor Sports Magazine.
© Leon Aldridge and A Story Worth Telling 2025. Excerpts and links may be used, provided full and clear credit is given to Leon Aldridge and ‘A Story Worth Telling’ with appropriate and specific directions to the original content.


