Pennies will remain legal tender, but you will be hard-pressed to find stores willing to accept them after April 1, 2023, for two reasons.
Yes. The penny will retain its value indefinitely. As such, consumers can use pennies for cash transactions with businesses that choose to accept them. ... Canadians can continue to deposit pennies at their financial institution.
It costs about 2 cents to mint a penny, so the government loses money by producing them. However, even if minting costs were zero, it would still be time to eliminate pennies, because our time is valuable and pennies waste time. ... But using a penny generally adds more than two seconds to the average retail transaction.
2021 copper lucky penny
It's a great coin. Love the simplistic design it has.
USA Coin Book Estimated Value of 2020 Lincoln Shield Penny is Worth $0.32 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins.
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