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flag U.S. plans to cut penny production due to high costs, but the coin will remain legal tender.

flag The U.S. Treasury Department plans to gradually reduce the production of one-cent coins, or pennies, due to rising manufacturing costs. flag Despite this, the penny will remain legal tender and continue to be used in transactions at thousands of retailers across the country. flag The decision is expected to save the government money, but pennies will not be completely phased out.

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