penny, Coinstar
Digest more
Top News
Overview
Impacts
Trump's Treasury Department is saying so long to penny
Digest more
Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.
After more than 200 years, we bid farewell to our small-denominated currency that grew to become a symbol of thriftiness and luck.
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official confirmed
Explore more
Modern Engineering Marvels on MSN57m
The End of the Penny Era How Fiscal Efficiency and Price Adjustments Will Shape the FutureThis move by the U.S. Treasury, motivated by rising production expenses and a call for fiscal frugality, has opened up an across-the-board debate about its effect on shoppers, retailers, and the entire economy.
The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U.S. government. "CBS Evening News" co-anchor Maurice DuBois takes a look at the wisdom inspired by the centuries-old coin.