US Mint presses final pennies
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What To Do With Your Pennies As the Final US Penny Is Produced After 230 Years
After over two centuries, one of America's most iconic coins continues to face ongoing debates about its future production. The penny has been minted since 1793, surviving wars, economic upheavals, and countless debates about its usefulness.
Will your old pennies be more valuable now that the government has stopped making them? You shouldn't bank on it.
The U.S. Mint has produced its final penny after 230 years. Experts say prices could round up and a cashless future may speed up, while Ms. Cheapâs penny drive continues helping families in need.
On the downside: no more lucky pennies on the sidewalk, no more coins for fountains, and are we just supposed to leave the penny loafers empty? Also, Leviâs, whatâs the plan for that tiny pocket? âWhile it is strange to see something that weâve known our whole lives disappearing,
Even though the U.S. Mint has quit making pennies, they remain legal to use. And you can still get them or deposit them at the bank.
The United States Treasury will soon cease the production of pennies, a move prompted by the rising cost of minting them exceeding their actual value. This decision underscores a broader trend: the declining use of physical currency. The average household ...
Philadelphia-area numismatist Richard Weaver, owner of Broomallâs Delaware Valley Rare Coin Company, told phillymag.com when U.S. Treasurer Brandon Beach posed for a photo holding one of the final pennies, he may have damaged it.
The United States Mint said in its annual report that each penny costs 3.69 cents to make, almost three cents more than the coins value.
STONEWOOD â Penny for your thoughts? Donât get John Hines started. âYeah, itâs a little silly, I think,â the Stonewood, Harrison County, man said Wednesday afternoon. Those [âŚ]