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  2. Penny debate in the United States - Wikipedia

    en.wikipedia.org/wiki/Penny_debate_in_the_United...

    The final Canadian penny was minted on May 4, 2012, [47] and active distribution of the coin by the mint was discontinued on February 4, 2013. [48] Since that date, businesses were encouraged to begin rounding cash transactions only to the nearest five-cent increment.

  3. Trump's Plan To Ditch Pennies — Pros & Cons For ... - AOL

    www.aol.com/finance/trumps-plan-ditch-pennies...

    The U.S. Mint has estimated that suspending penny production would save Each penny cost $0.037 to produce in 2024, up from $0.021 in 2021, according to The Wall Street Journal on Monday.

  4. Trump announces plan to stop making new pennies, citing ... - AOL

    www.aol.com/news/trump-announces-plan-stop...

    Canada stopped making pennies in 2012, and Australia stopped circulating one and two-cent coins back in 1992. In the U.S., discontinuing the penny entirely may require congressional approval ...

  5. Penny (United States coin) - Wikipedia

    en.wikipedia.org/wiki/Penny_(United_States_coin)

    The penny, also known as the cent, is a coin in the United States representing one-hundredth of a dollar.It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).

  6. No more minting 'wasteful' pennies, Trump tells Treasury - AOL

    www.aol.com/no-more-minting-wasteful-pennies...

    Other countries have discontinued similar coins. Canada ditched its one-cent coin in 2012 citing the cost of minting it and its falling purchasing power due to higher prices.

  7. Obsolete denominations of United States currency - Wikipedia

    en.wikipedia.org/wiki/Obsolete_denominations_of...

    The U.S. Dollar has numerous discontinued denominations, particularly high denomination bills, issued before and in 1934 in six denominations ranging from $500 to $100,000. Although still legal tender, most are in the hands of collectors and museums. The reverse designs featured abstract scroll-work with ornate denomination identifiers.

  8. As Trump aims to ax the penny, these are the coins that cost ...

    www.aol.com/news/trump-aims-ax-penny-coins...

    If the penny is discontinued, it will join the ranks of other obsolete American coins, including the trime, a 3-cent coin discontinued in 1873, and the gold dollar coin, which was discontinued in ...

  9. Withdrawal of low-denomination coins - Wikipedia

    en.wikipedia.org/wiki/Withdrawal_of_low...

    Coins below 1 lira were withdrawn in 1947. 1- and 2-lire coins minted from 1968 for collectors' use only; 5-, 10-, and 20-lire coins fell out of use before the 1990's. All lira-denominated coins were withdrawn in 2002 with the introduction of the euro and exchangeable until 2011. Jamaica: 1 cent 5 cents 10 cents 20 cents 25 cents 50 cents: 2012 ...