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The Penny Dies at 232: A long decline into irrelevance ended on Wednesday in Philadelphia (www.nytimes.com)

submitted 2 weeks ago by remington@beehaw.org to c/usnews@beehaw.org

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[–] t3rmit3@beehaw.org 2 points 2 weeks ago* (last edited 2 weeks ago)

On the one hand, I think this is part of a push to digitize all currency eventually so that it can be tracked (and controlled). It also makes things just that little bit more expensive for people who are unable to secure banking, as businesses will now round-up for cash transactions.

On the other hand, US pennies have always been imo a badly designed coin. They're both too bulky for their value, but not so hefty that they feel good aesthetically.

No comment on the symbolism of this particular administration killing the currency denom with Lincoln on it. 🙃