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The U.S. Treasury Department will stop penny production by early 2026 after more than two centuries. Businesses will soon ...
Should you cash in your pennies? The small currency will soon be a thing of the past, but don't think you are sitting on a ...
A fter 233 years in circulation, the U.S. government is finally phasing out the penny. According to a Treasury Department spokesperson, the U.S. Mint has made its last purchase of penny blanks and ...
Pennies will continue to be in circulation and can be used, deposited or kept indefinitely. There just won't be as many.
According to the U.S. Treasury Department, the cost of producing a single penny has more than doubled in the past 10 years, from 1.3 cents to 3.69 cents in 2024.
The Treasury Department has pledged to stop producing the penny by early next year. Here's why — and what becomes of your one-cent coins.
With the penny going away after 2025, ... Or maybe they are worth a nickel now that the Treasury Department is following President Donald Trump's suggestion to stop making pennies.
The Treasury statement did not address its plans for nickel production. It did estimate an immediate savings to taxpayers of $56 million from the halt of penny production. “Given the cost savings to ...
According to the U.S. Treasury Department, the cost of producing a single penny has more than doubled in the past 10 years, from 1.3 cents to 3.69 cents in 2024.
Trump has ordered the Treasury to stop minting pennies because their production cost exceeds their value. (Intriguingly, it's the same for nickels.) ...
WASHINGTON — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.