No More Pennies
The penny has died. At the age of 232, the coin’s final batch was minted in Philadelphia, Pennsylvania, on November 12. There are an estimated 250 billion pennies still in circulation. These will continue to be accepted as legal tender.
In May, the U.S. Mint announced that the cost of producing one penny was nearly four times its value. It expects to save $56 million per year by not producing the coins.
More from United States
Share a Link
- Click the icon above to copy the url link to your clipboard.
- Paste the link into the location in which you share assignments with students. Examples might include, but are not limited to Canvas, Schoology and Edmodo.
Google Classroom
- Click on the icon above to share the article with a class in your Google Classroom.
- Choose an action. Options might include creating an assignment or asking a question.
