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The penny, also known as the cent, is a coin in the United States representing one-hundredth of a dollar.It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).
The agency’s 2024 annual report said the penny’s cost was “above face value” for the 19th year in a row. It cost 3.69 cents to produce a penny in 2024, up from 3.07 cents in 2023 .
The penny was first issued by the government in 1793. Since 1909, the profile of President Abraham Lincoln has adorned the obverse side of the coin that is made of zinc and copper.
DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over 4.5 billion pennies in FY2023, around 40% of the ...
The tz database partitions the world into regions where local clocks all show the same time. This map was made by combining version 2023d with OpenStreetMap data, using open source software. [1] This is a list of time zones from release 2025a of the tz database. [2]
Since 1968, most of the state—except the Navajo Nation—does not observe daylight saving time and remains on Mountain Standard Time (MST) all year. This results in most of Arizona having the same time as neighboring California each year from March to November, when locations in the Pacific Time Zone observe daylight saving time.
A penny for their thoughts: Americans say ‘time to move on’ from the coin Karissa Waddick, Christopher Cann, N'dea Yancey-Bragg and Dinah Voyles Pulver, USA TODAY Updated February 10, 2025 at ...
Killing the penny would bring in chump change, given that the mint spends only about $454 million per year making one-cent coins. That’s just .00006% of all federal spending. Yet Trump is right ...