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The penny dropped. The U.S. Mint struck the final 1-cent coin on Wednesday, six months after the Trump administration announced that it would stop producing pennies because the cost of making them is four times more than they’re worth, The Associated Press reported. The penny is not worth much, but its cultural value is incalculable. Stingy people still “pinch pennies.” An unexpected windfall is still referred to as “pennies from heaven.” And a fiscal planner who is “penny wise and pound foolish” should be avoided. But after Wednesday, the penny once saved and cherished will be the penny spurned, rather than earned. Read more at the link in bio.
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