The U.S. ended production of the penny Wednesday, abandoning the 1-cent coins that were embedded in American culture for more than 230 years as symbols of frugality and the price of a person’s thoughts but had become nearly worthless.

When it was introduced in 1793, a penny could buy a biscuit, a candle or a piece of candy. Now most of them are cast aside to sit in jars or junk drawers, and each one costs nearly 4 cents to make.

  • halcyoncmdr@lemmy.world
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    2 days ago

    Other countries actually passed laws and planned for the removal from circulation. Businesses had rules for how to handle it.

    None of that happened here. This was done entirely without any plans for implementation. There are no rules for businesses to follow.

    • Fredselfish@lemmy.world
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      2 days ago

      It also illegal because Congress controls how we mint and control money. Trump wasn’t allowed to do this. But what do I know I just follow the constitution.