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Only Congress has the power to do that, but what would happen if the United States got rid of the one-cent coin? The U.S. Mint said it lost $85.3 million last year minting 3.2 billion new pennies.
Although momentum may be building toward a penny purge ... other countries have already killed their versions of the 1-cent ...
Other countries, such as Canada and Australia, have already stopped production of the one-cent coin. Watch: NOWCAST streaming newscasts Finding the exact coin you’re looking for can be tricky ...