All articles tagged with #coinage
The US Mint in Philadelphia is set to produce its last circulating penny as President Trump ordered its discontinuation due to high production costs exceeding its value, leading to a phase-out that has caused some logistical challenges and nostalgic sentiments.
The US penny will cease production in 2024 due to high costs and declining demand, marking the end of a historic coin that has played a significant role in American culture and commerce. Its removal will impact pricing strategies, charitable giving, and cultural symbolism, while reflecting a shift towards digital payments and economic efficiency.