…a big glass jar….
Production of the penny one-cent coin concluded in Philadelphia yesterday after years of agitation for phasing out the coin. People cited the four cents it costs to produce a penny and the diminished utility of a one-cent piece. The production phase-out has not been seamless; constrained supply without clear messaging has meant shortages for convenience stores and the like. Even still, after entering circulation in 1793, all the pennies that will ever be made have indeed been made. The final pennies will be auctioned off. This is kind of a big deal since the last time a U.S. coin was discontinued was the half-cent in 1857.
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