US Mint Halts Penny Production After 230 Years
The U.S. Mint has officially ended production of the one-cent coin after 232 years, citing high production costs and the coin's low purchasing power.
#US Mint#Penny#US Economy
#Currency
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US Mint Halts Penny Production After 232 Years
The U.S. Mint has officially stopped producing the penny after 232 years, a move expected to save taxpayers $56 million annually due to high manufacturing costs.
#US Mint#Currency#US Economy
US Retailers Face Chaos as Penny Supply Dries Up
An abrupt halt in U.S. penny production has sparked a nationwide shortage, forcing retailers to absorb financial losses from rounding down transactions.
#US Economy#Retail#Banking