US Mint to Cease Penny Production Amid Phaseout
TL;DR
The US Mint will stop producing pennies due to rising costs and a legal conclusion that the coin is no longer necessary, while ongoing legislative and logistical issues, including a government shutdown, complicate the transition and impact coin circulation and banking practices.
- US Mint to strike last penny as Trump’s phaseout rattles retailers Politico
- The last-ever penny will be minted today in Philadelphia CNN
- US Mint in Philadelphia to press final penny as the 1-cent coin gets canceled AP News
- Production of American penny coins is about to end The Economist
- Pennies are being canceled and the US Mint won't make any more. What does that mean? USA Today
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