U.S. Ends Penny Production After Over 230 Years
TL;DR Summary
The US has officially stopped minting pennies after a production that began in 1793, citing cost inefficiencies as pennies cost more to produce than their face value. While still legal tender, pennies will no longer be produced, and transactions may be rounded to the nearest five cents. Other countries have also phased out low-denomination coins, citing similar reasons.
- Good-by penny: What comes next as US officially ends penny production USA Today
- U.S. Mint Presses Final Penny After More Than 200 Years The New York Times
- The last-ever penny was minted today in Philadelphia CNN
- Now that pennies are gone, here's how much it costs to make them and other coins WBAL-TV
- US to mint its last penny as Treasury halts production after more than 230 years Fox Business
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