Although most people have never had one in their pocket change, the half-cent used to be a common coin in the US. It was actually one of the first coins ever minted and continued being released ...
On X, DOGE pointed out the federal government spends more to produce the penny than its worth. But the penny has survived ...
The truth is no one knows how much removing the penny from circulation could cost both consumers and businesses. But let’s not forget that we have done this before: back in 1857, the US retired its ...
Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.
However, some of the most valuable 50-cent pieces sell to coin collectors for thousands or even millions of dollars. The 1797 draped bust half dollar coin was the final draped bust design on the ...
Other countries, including Canada and Sweden, have stopped producing their pennies, and the US ditched its half-cent coin in 1857. Data for Progress, a progressive think tank, found in a 2022 ...