U.S. Mint Presses Final Penny, Marking the End of an Era
The United States Mint has officially ended the production of the one-cent coin, pressing its last penny in a historic ceremony in Philadelphia. This marks the conclusion of over 230 years of penny circulation in the U.S. due to rising production costs and diminishing relevance, as the cost to mint a penny now exceeds its face value. Retailers and consumers are now adjusting to the absence of one-cent coins, prompting discussions on how businesses will manage without them. The end of the penny has sparked varied reactions, from coin collectors anticipating the potential value of the final minted pennies to retailers reassessing pricing strategies. As the nation bids farewell to its oldest coin, questions arise about the future of other denominations and the implications of halting penny production.
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