The U.S. Treasury Department plans to end the issue of one-cent coins, which have been minted for more than two centuries. Penny production is expected to cease early next year.According to available information, the cost of producing each such coin is about 4 cents, which has long made their production economically unprofitable. This decision will reduce unnecessary costs and save about $56 million annually by reducing material costs.After the final cessation of minting of one-cent coins, retai... Read More
