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Since US President Donald Trump has announced that he would put an end to pennies production (cents) in the country, many companies have been worried.
With the new directive issued to the Treasury Department, Pennies Souvenir sellers now face an uncertain future. Although there is still no immediate confirmation by the US currency house that production will cease, Trump’s statement has already caused panic In sectors of this niche, which lives on the purchase of large amounts of pennies to be pressed in thematic parks and tourist attractions, in order to create collectible models.
These machines print popular images – such as cartoon characters or sights – in elongated coins, creating cheap memories but appreciated by children and collectors.
The coins of a century have changed over time. Originally made of pure copper, they were replaced in 1982 by a cheaper core of copper -covered. But many collectors and machinery operators continue to prefer the currencies prior to 1982 due to their malleability and better stamping quality, notices with the most affected companies.
Despite the arguments in favor of the discontinuity of penny, Many Americans remain attached to him, emotionally. “We are big fans of the cent. Keep the cent, ”said Aaron Zablow of Roseland, New Jersey – but a long time ago that economists debate the practical character of small currencies.
Some argue that the thousands of millions of cents already in circulation could support transactions for years, even if production ceased. Others insist that cents play a crucial role in the economy, despite their high manufacturing cost.
