How U.S. Penny Production Ending Could Impact You | Santa Rosa Press Gazette

How U.S. penny production ending could impact you | Santa Rosa Press Gazette

Despite the penny no longer being minted, the U.S. Mint said the penny will remain legal tender, meaning it can be used for transactions. The reason for the discontinuation is the cost associated with producing each one-cent coin. According to the U.S. Mint, the cost to produce pennies has increased from 1.42 cents to 3.69 cents. With a face value of one-cent, pennies cost more than they were worth. The U.S. Mint estimates savings of approximate…

The end of the U.S. penny

After over two centuries the production of the U.S. penny is coming to an end and the San Francisco, Philadelphia and Denver mints will stop printing the little copper colored coin.