The Penny's Demise: US Mint to Halt Production by 2026

The US Mint is planning to stop producing pennies by 2026, citing the high cost of production. A recent video from NBC Connecticut highlights this decision, noting that it costs 3.7 cents to make and distribute each penny – almost four times its value. "The main reason is due to cost," explains the video's narrator. While existing pennies will remain in circulation, the cessation of production could lead to retailers rounding prices to the nearest nickel. This change could affect consumers and businesses alike. The video concludes by posing the question: "How do you feel about this change?" The potential impact on the economy and consumer habits remains to be seen, but the decision to discontinue penny production is a significant development in the financial landscape.