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Penny Shortage Ends As Copper Price Drops
The penny shortage eased after copper prices fell and the Mint expanded production. Mint officials note 10 billion pennies may be produced in fiscal 1975, up about 20 percent from last year, as hoarding and late demand drive stockpiles and circulation changes.
MENTIONED IN THIS ARTICLE
U.S. Department of the Mint
Leonard Lapidus
Federal Reserve Bank of New York
Treasury Department
Lincoln Memorial
Frank MacDonald
Mint
Legis