Did you know it costs more than a cent to make a penny? ๐ค Yes, you heard that right! Producing and distributing each U.S. penny costs the Mint over 1.5 cents, thanks to the prices of zinc and copper, plus manufacturing expenses. ๐ญ๐ธ While some argue itโs time to say goodbye to the penny due to its higher production costs and limited use in daily transactions, others believe it holds sentimental value and is an iconic piece of American history. ๐บ๐ธ
Countries like Canada, Australia, and New Zealand have already stopped using their lowest denomination coins, sparking a debate: Should the U.S. follow suit and phase out the penny? ๐๐ซ๐ฐ
Whatโs your take? Is the penny worth keeping for tradition and nostalgia, or is it time to embrace change and efficiency in our currency? Drop your thoughts below! #PennyForYourThoughts #EconomicDebate #ChangeTheChange