Penny's Final Days: US Mint Stops Making Cents

On November twelfth, the U.S. Mint ceased producing pennies, marking the end of an era for the one-cent coin. The decision, primarily driven by cost-saving measures, will save taxpayers fifty-six million dollars annually. Despite the discontinuation, existing pennies remain legal tender. The last coin to be discontinued before the penny was the half-cent in eighteen fifty-seven. President Trump ordered the pennys demise due to increasing production costs and diminishing value. Retailers expressed concerns about the sudden phase-out, with some rounding prices down and others offering incentives for customers to bring exact change. Pennies, despite their reduced practical use, are considered important historical records reflecting over two hundred years of American history. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.