The U.S. Mint ended production of the penny citing cost savings and the coin’s fading relevance as its buying power—once enough for a snack or candy—has all but disappeared
The U.S. Mint on Wednesday ended production of the penny, a change made to save money and because the 1-cent coin that could once buy a snack or a piece of candy had become increasingly irrelevant. The last pennies were struck at the mint in Philadelphia, where the country’s smallest denomination coins have been produced since 1793, … Read more
