This week, a stalwart of the American economy will no longer be with us as the U.S. Mint pressed the final penny on Wednesday.
According to the Guardian, the U.S. Mint cited the cost, along with the relative uselessness of the penny, as a reason for ending its production. To paraphrase Kendrick Lamar, how much a penny cost?
Believe it or not, it costs 4 cents to produce a penny. While the penny has a better cost-to-value ratio than the nickel, which costs 14 cents to produce, the expense doesn’t match the penny’s usefulness.… Read more



