RIP to the penny.Last week, the U.S. stopped production of the penny.Just in time for microtransactions to go fully onchain, where txns cost a fraction of a cent on Polygon.@sandeepnailwal breaks it down on @paulbarron - link in thread https://t.co/yAs4IOpMx5 ...

Why The Costs Didn’t Make Cents:The U.S. Mint reported losing $85.3 million on making nearly 3.2 billion pennies in fiscal year 2024, according to the Mint's annual report to Congress. Every penny cost nearly $0.037, up from $0.031 the year before.But what does the end of the penny really mean for consumers? Find out, here: https://t.co/KZwYiLrRQu ...

Well, it might finally be time to dig out all those pennies from between the couch cushions because the last penny ever has been minted. >> We're saying goodbye to the penny today >> after 232 years. >> 3 2 1 I'm going to buy a car.>> Maybe some of those great sayings go away. A penny for your thoughts. A penny saved is a penny earned.But here's the truth. It cost a pretty penny to make them. Three cents for every one of these.Now, you can still use them. >> It's still legal tender and we have over 300 bill ...

If the president says it's time to rip the waste out of our great nations budget, the nickel would be the place to start, wouldn't it. Let's let's go to the beginning now and what this means for the United States as the institutionalist you are to say goodbye to the penny. Are you doing okay.No. I mean, I. This is really a moment that arguably should have happened 20 years ago.That's when we started. That's when the penny started costing more to make than it was worth. And there were jokes on TV shows like ...

Coinage Economics - The public sentiment towards the one-cent coin has declined [1] - The Mint reports that the production cost of a penny exceeds its face value [1] Media - The article explains the reasons behind the penny's declining value, accompanied by an illustration by Joël Penkman [1]