The U.S. Treasury Department announced that it has stopped producing pennies, ending more than 230 years of minting the 1-cent coin. The penny will remain legal tender and will still be accepted at ...
That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets. American consumers made only 16% of their payments in cash in 2023, ...
Cash usage is declining, with many Americans viewing coins as more of a nuisance than currency. Although rare valuable pennies exist, most are worth only slightly more than their face value. Consumers ...
The U.S. Treasury Department has stopped producing the penny after more than 230 years. It now costs 3.69 cents to produce a single penny, which is significantly more than its face value. Pennies will ...
The U.S. Treasury Department announced that it has stopped producing pennies, ending more than 230 years of minting the 1-cent coin. The penny will remain legal tender and will still be accepted at ...
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