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flag The U.S. Mint halts penny production due to costs exceeding four cents, reflecting inflation and the rise of digital payments.

flag The U.S. Mint has stopped producing pennies due to rising production costs exceeding four cents each, making the coin economically unviable. flag This decision reflects decades of inflation eroding the dollar’s value since the U.S. abandoned the gold standard in 1971, reducing its purchasing power to about 15 cents of its 1971 level. flag As cash transactions decline—now just 18% of all payments, down from 31% in 2016—digital payments dominate, accelerating the penny’s obsolescence. flag While cash remains a backup, the end of the penny symbolizes a broader shift toward a more digital economy.

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