As a moviegoer, it’s fascinating to learn that the US Mint seems to be shifting its focus from making pennies and putting them in the popcorn bucket, so to speak. According to AP News, the Treasury Department has announced they’ve placed their final order of penny blanks, signaling an end to penny production. The reason? The cost of producing pennies has increased by 20% compared to last year, and the Treasury estimates that this move will save around $56 million. It would be wonderful if those savings were used to create a more balanced and fair society for everyone, but we all know how such things usually turn out.
It’s a bit disheartening to consider that the U.S. Mint might stop minting pennies, especially considering their long history. The penny, initially created in 1792, was among the first coins ever made and has remained one of the most frequently produced since then.
Yet, with an increasing preference for digital transactions among individuals and corporations, it’s hardly surprising that our coins like quarters, nickels, and dimes appear to be secure for the time being.
Consider saving any old pennies you have for a potential future value. As time passes, these coins might become more valuable due to their scarcity since fewer pennies are being used today. Who knows, you could hit it big and become wealthy! For now, get ready to stop using new pennies.
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2025-05-27 17:02