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The time of the penny is coming to a close. The U.S. Treasury Department placed its last order of blanks, flat metal discs used to make pennies, in late May. President Donald Trump told the mint ...
Trump has ordered the Treasury to stop minting pennies because their production cost exceeds their value. (Intriguingly, it's the same for nickels.) ...
The federal government made its final order of penny blanks in May 2025 — the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.
Killing the penny shortchanges the poor, UC Irvine professor says Millions of unbanked and underbanked consumers wind up paying the difference in a rounding-up scenario.
The federal government made its final order of penny blanks in May − the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY ...
When are they getting rid of pennies? Why? How much is 1 million pennies? Here are answers to these questions and more surrounding the once-cent coin.
Home Personal Finance Farewell to the Penny: US Treasury Ends Production of One Cent Coin After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting ...
The Treasury Department will soon produce its last pennies. Could the nickel be next? Check out the five-cent coin's history and what it costs to make.
The Treasury still mints more than 5 billion coins a year, although the figure is dropping, according to the journal CoinNews. “Those are just natural resources coming out of the Earth,” McColly said: ...