All articles tagged with #coin history
The US Mint has stopped producing the 1-cent coin after over 230 years, citing financial inefficiency and modernization, with the final coins minted in 2025 and set to be auctioned off, marking the end of an era for the penny.
The US is ending penny production due to high costs and declining demand, marking the end of a coin that has been part of American history since the 1790s. Despite its diminishing practical use, the penny remains a cultural symbol of thrift and has played a significant role in pricing, charity, and collecting. The transition to rounding cash transactions to the nearest nickel aims to save money and streamline commerce, while digital payments continue unaffected.