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Love them or hate them, pennies have been part of the U.S economy for over 230 years.
So how will halting production affect Americans wallets?
Thatdepends on what happens next.
Pennies Are Still Legal Currency
Discontinuing production of pennies doesnt change the fact that theyre legal tender.
What If Pennies Are Eliminated Entirely?
In Canada, which eliminated its pennies in 2013, check, credit and debit transactions arent rounded.
Either way, waning use of cash would limit the number of purchases that need to be rounded.
Would Discontinued Pennies Be Valuable?
Relatively few pennies get recirculated because Americans tend to horde them rather than spend them.
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