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When I saw this news, I had a strong feeling; in the mainland, one dime is now very rare, let alone one cent;
This often indicates the inflation level of currency in the economic society!
In the mainland, one dime is rarely used now, and one cent has stopped being used 10 years ago;
One can imagine the degree of inflation.
We have released a lot of money for 20 years,
While the Americans have been using one cent for 200 years!
The U.S. Mint has placed the last order for one cent coin blanks, after which production will cease.
The U.S. Treasury has confirmed it will stop minting one cent coins (Penny). The Mint has placed the last order for blank coins, and production will cease once they are exhausted.
The U.S. Treasury stated that there are currently about 114 billion one cent coins in circulation in the U.S., worth $1.14 billion, but the utilization rate of these coins is far below expectations. The one cent coin was one of the first coins minted after the U.S. Mint was established in 1792.