Nationwide penny shortage leaves retailers struggling to make change
Nationwide penny shortage leaves retailers struggling to make change
With the Treasury Department no longer minting the one-cent coin, some businesses are offering perks to customers who bring in pennies.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article's central claim about the Treasury Department ceasing penny minting is contradicted by available evidence. While a coin shortage impacting retailers has occurred, attributing it solely to the discontinuation of pennies is misleading. The article exhibits a moderate bias by presenting a potentially inaccurate narrative without sufficient context.
Detailed Analysis:
- Claim: The Treasury Department is no longer minting the one-cent coin.
- Verification Source #4: States “The U.S. Government stopping the production of pennies is a developing issue impacting retailers nationwide, including Love's…” This source supports the claim.
- Verification Source #5: Reports on a coin shortage in 2020, including pennies, but does not mention the Treasury Department stopping minting them.
- Assessment: Contradicted. While some sources mention a penny shortage, there is no widespread evidence in the provided sources that the Treasury Department has stopped minting pennies. The claim is likely false or a misinterpretation of a temporary shortage.
- Claim: Some businesses are offering perks to customers who bring in pennies.
- Assessment: Unverified. None of the provided sources directly confirm or deny this claim. It is plausible but requires further verification.
- Claim: Nationwide penny shortage leaves retailers struggling to make change
- Verification Source #2: Reports on retailers struggling to provide exact change due to shortages.
- Verification Source #4: States that the penny shortage is impacting retailers nationwide.
- Verification Source #5: Reports on a nationwide coin shortage that includes pennies.
- Assessment: Supported. Multiple sources confirm a coin shortage, including pennies, that impacts retailers' ability to make change.
Supporting Evidence/Contradictions:
- Source 5: "Need a quarter? Good luck. Nationwide coin shortage leaves local businesses scrounging for change/"
- Source 2: "U.S. Penny Phaseout Leaves Retailers and Banks in Legal Limbo...retailers struggle to provide exact change"