Holt points to traditions of putting pennies in loafers, of rhymes like “See a penny, pick it up, all the day you'll have good luck,” of people who think an unexpected penny sighting could be a sign from a loved one who's passed on.

The U.S. Mint is set to stop producing pennies, marking the end of an era. With production costs soaring and the utility of the penny dwindling, this decision aims to save millions annually. As the penny fades into history,

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official confirmed

After more than 200 years, we bid farewell to our small-denominated currency that grew to become a symbol of thriftiness and luck.

This move by the U.S. Treasury, motivated by rising production expenses and a call for fiscal frugality, has opened up an across-the-board debate about its effect on shoppers, retailers, and the entire economy.

The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U.S. government. "CBS Evening News" co-anchor Maurice DuBois takes a look at the wisdom inspired by the centuries-old coin.