Are Pennies and Pence Doomed? U.S. Scraps “Wasteful” Penny, UK’s 1p May Follow
The humble penny, a coin many Americans barely notice, is on its way out in the U.S., and it’s got people in the UK wondering if their 1p coin is next. The U.S. Treasury will stop minting pennies in 2026 because it costs four cents to make each one, a move expected to save $56 … Read more