The reasons cited for the decision earlier this year to stop minting pennies after 232 years were both financial and practical. Decades of rising prices had shrunk the purchasing power of the cent to ...
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, ...
The American penny is history. The nickel might be next. The last pennies were pressed at the US Mint in Philadelphia on Wednesday, a victim of production costs higher than their worth coupled with ...
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