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The impending “death” of the U.S. penny has spotlighted the coin’s own price tag — nearly 4 cents to make and distribute each, or quadruple its value.
There may soon be no more shiny new pennies entering circulation. Here’s how it’ll impact you.
The impending "death" of the U.S. penny has spotlighted the coin's own price tag — nearly 4 cents to make and distribute each, or quadruple its value.
“Maybe in 200, 300 years, but not in my lifetime.” The penny will also remain legal tender. Are there consequences of ending penny production? Outside of rounding cash transactions, advocates for ...
Across the other coins — the dime, quarter, and half-dollar — the situation is much better. Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576).
Last year marked the 19th consecutive year that the penny (and the nickel) “remained above face value” when it comes to production costs.
“Each penny costs four cents to make, so cutting this waste will save the American taxpayer over $85 million every year.” “Ending penny production is the right thing to do, but let’s make sure we do ...