RIP The Penny

[Crimson1967]

The last penny was pressed by the U.S. Mint in Philadelphia today. Could the nickel and dime be next?

Each one-cent coin had cost nearly 4 cents to produce, making "its production financially untenable."

www.yahoo.com

It was the end of an era today as the final one cent coin was minted in Philadelphia. President Trump ordered its elimination recently do to its uselessness and the cost of production.

Ones in circulation can still be used. But some places have already seen shortages (not sure how if they were still making them) and are rounding off change to the nearest five cents. Credit card transactions won’t be affected.

Given the stupidity of the average American, the rounding off of the change will cause mass confusion and cashiers will be cussed at.

 

[Bamaro]

From the above article:

According to the U.S. Mint, the nickel costs nearly 14 cents to make, nearly triple its market value. For nearly two decades, both the penny and nickel have cost more to produce than they are worth, per U.S. Mint figures.

 

[DzynKingRTR]

From the above article:

but the dime and quarter cost less to make so doesn't it even out?

 

[CrimsonNagus]

but the dime and quarter cost less to make so doesn't it even out?

No logical thinking allowed.