Penny's Demise, Nickel's Future: US Coins in Crisis

The American penny is officially discontinued, with the last ones made at the US Mint in Philadelphia. The nickel is next in line due to high production costs, potentially leading to a change in its metal composition within a year. The decline in coin usage, especially among lower-income individuals, may accelerate the phase-out of the nickel, raising concerns about the impact on cash-dependent populations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.