The U.S. Mint Has Officially Produced Its Last Penny, Ending 232 Years of Coinage
On Wednesday, the United States Mint in Philadelphia struck the final circulating penny, marking the end of its 232-year production. “There are an estimated 300 billion pennies in circulation — far exceeding the amount needed for commerce,” the Mint said in a formal statement. The penny remains legal tender, but new coins will no longer be released for everyday transactions. Why the Phase-Out of the Penny Happened Rising costs and shifting payment habits were cited as the chief reasons behind
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