Farewell to the penny as the U.S. halts production of the historic one-cent coin after over two hundred years in circulation
End of the Penny Era After over 230 years, the United States has officially ceased minting the penny, a coin that has been in circulation since 1787. The final penny was produced in Philadelphia, signaling the close of a significant chapter. Even though pennies are no longer being minted, billions of them are still out […]
Arthur Hayes cautions that Monad might plummet by 99%, describing it as a high-risk ‘VC coin’
Concerns Raised Over Monad’s Future in Crypto Market Arthur Hayes, a seasoned figure in the crypto sector, recently expressed serious concerns regarding Monad. He warned that this newly launched layer 1 blockchain might see its value plummet by as much as 99%. Hayes believes that Monad is more of a product of venture capital buzz […]
Lubbock banker and coin enthusiast share their thoughts on stopping penny production
Penny Production Ends in the U.S. LUBBOCK, Texas – After 232 years, the U.S. Treasury has decided to halt penny production, minting the final one recently. Over the last decade, the cost to produce a penny has gone up significantly, rising from 1.42 cents to 3.69 cents. Reducing the number of coins minted is expected […]
Holding onto your 2025 coins isn’t a good idea, according to a Bellevue coin dealer.
Last Penny Coin and Its Impact A coin dealer in Bellevue believes that collecting the new 2025 pennies may not actually be a wise investment. This penny is set to be the final one ever minted, as announced by the U.S. Mint on Wednesday. Despite that, there are still over 300 billion pennies in circulation. […]
U.S. penny withdrawal: Mint produces the final one cent coin
A penny doesn’t hold much value these days. Most New Yorkers pass by them on the street, and many will even ask cashiers to “keep the change” on small purchases. It’s interesting to think about how these copper coins often end up stuffed at the bottom of wallets or in jars that parents set up […]
Philadelphia Mint produces last pennies as the 1-cent coin is discontinued.
The U.S. Mint announced on Wednesday that it has ceased production of pennies, a move aimed at cutting costs and recognizing how the penny has lost its significance. In a symbolic last strike, the final one-cent coin was minted in Philadelphia, the same place where this smallest denomination has been produced since 1793, following the […]
U.S. Mint in Philadelphia to produce last penny as the 1-cent coin is discontinued
PHILADELPHIA — The U.S. Mint in Philadelphia is preparing to strike its last penny on Wednesday, following the president’s decision to discontinue the 1-cent coin. As production costs have ballooned to almost 4 cents per penny, making its worth somewhat outdated, President Donald Trump issued an order for its removal. The Mint has been creating […]
Philadelphia Mint to produce last penny as the 1-cent coin is discontinued
Penny Production Ends in the U.S. The U.S. Mint concluded its production of pennies on Wednesday, a decision driven by cost-saving measures and a recognition that these coins are becoming increasingly worthless compared to their past purchasing power. The final penny was minted at the Philadelphia Mint, the same location where pennies have been made […]
Philadelphia Mint to produce its last pennies as the coin is discontinued
Penny Production to End as Costs Rise PHILADELPHIA (AP) — The U.S. Mint in Philadelphia is preparing to produce its final penny Wednesday, following the president’s decision to eliminate the coin altogether. The cost of producing a penny has surged to nearly four cents, prompting President Donald Trump to order its discontinuation. Since 1793, the […]
Philadelphia Mint to produce last penny as the 1-cent coin is discontinued
Penny’s Last Stand: The End of an Era PHILADELPHIA — Remember back in 1793 when a penny could buy you a biscuit or candy? Nowadays, they often just sit in drawers or jars, maybe as lucky charms, or, more likely, just forgotten. It seems their time might be running out. The U.S. Mint in Philadelphia […]