WHAT YOU SHOULD DO WITH YOUR PENNIES ?

Understanding the Historic End of Penny Production ©unsplash There have been ongoing discussions about potentially ending penny production, though no official announcement has been made, marking the end of an era that began in 1792. Production costs continue to exceed the coin's value, leading to periodic discussions about the penny's future. The penny, which dates from the early days of the U.S. Mint after its establishment in 1792, now costs more to manufacture than the coin is worth. The 1-cent coin cost about 3.7 cents to manufacture and distribute in 2024. It did estimate an immediate savings to taxpayers of $56 million from the halt of penny production.
HON BRIAN SCAVO

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