13 November 06:05
The United States Mint announced that it struck the last one-cent coin on Wednesday, ending a 232-year tradition.
Ana-Maria Tapescu
International
Foto: shutterstock.com
The production of this coin has become unviable, with production costs rising from 1.42 cents to 3.69 cents per penny in the last decade. Currently, there are approximately 300 billion one-cent coins in circulation, far more than necessary for transactions. President Donald Trump has advocated for halting production to reduce public spending.
Although no new one-cent coins will be put into circulation, the Mint intends to continue striking one-cent coins only as collector's items. Other countries, such as Canada, have already discontinued the production of these coins for similar reasons.
Sources
Statele Unite au oprit producţia monedei de un cent, devenită prea costisitoare
U.S. Mint ends production of the penny
Common cents: US Mint to press its final penny
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SUA renunță la moneda de un cent după 232 de ani. Producția costă mai mult decât valoarea nominală
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