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The Future of the U.S. Penny—A Debate Renewed

Writer: pfeiffp67pfeiffp67
Feb 261 min read

Why Eliminate the Penny?


The primary argument for discontinuing the penny is its excessive production cost, which results in significant financial losses. In Fiscal Year 2024, the U.S. Mint reported that each penny cost approximately 3.69 cents to produce, leading to an $85.3 million loss from minting nearly 3.2 billion pennies.


 
 
 

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