All articles tagged with #cost of production
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.
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.