[Ed. Note: At the rate that purchasing power is declining, we’re less than five years from cancelling the nickel as well.]
by Lowell Cauffiel
Breitbart.com
Those household hoards of pennies many consumers keep in jars, cups and other containers may one day become more useful after the U.S. Treasury stops producing the iconic coin next year.
The treasury department has placed its final order for penny blanks, and production will end when they run out, which will likely be early 2026, according to The Wall Street Journal, which first reported on the decision this week.
With its 233-year history, the penny, officially known as a “cent,” was one of the first coins circulated in 1793 and stood as a key player in the debut of the newly established U.S. Mint.