The United States Mint is producing its final batch of pennies this week, marking the end of the one-cent coin’s 233-year run following an executive order from President Donald Trump. The decision, announced in February 2025, comes as the cost of minting a single penny had risen to 3.69 cents, making it financially unsustainable.
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With the penny officially discontinued, cash transactions will now be rounded to the nearest nickel, sparking debate over its impact on pricing and consumer spending. While some economists argue that eliminating the penny will streamline transactions, others worry about pricing adjustments and the potential for inflationary effects.
The Treasury Department has assured the public that existing pennies will remain legal tender, but businesses and banks are expected to gradually phase them out. Meanwhile, collectors are scrambling to secure rare pennies, anticipating a surge in their value and historical significance.
As discussions begin on whether the nickel could be next, experts say the rising cost of coin production may lead to further changes in U.S. currency.
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