The U.S. Mint has announced the closure of the penny after over 200 years of circulation. The coin, initially struck in 1796, was initially minted to commemorate the nation’s founding. The Mint has been responsible for producing the penny since then, though its production has been significantly reduced over time. The closure marks a significant event in the coin’s history, representing a culmination of decades of production and a shift in the nation’s monetary system. The Mint will now focus on producing other coins.
Credits: NYT > Top Stories
