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According to the United States Mint, the penny was one of the first coins the Mint made after it was established in 1792. ... What the U.S. penny discontinuation means for consumers and businesses.
Reasons behind the U.S. penny discontinuation. High production costs are driving the decision to discontinue the penny. According to the United States Mint’s 2024 annual report, it costs 3.7 ...
Say goodbye to your penny jar. The United States Treasury has put in its final order of pennies, and production is expected to end early next year. The demise stems from an order in early February ...
The end of penny production marks a change in a 233 year tradition, as the penny was one of the first coins made after the U.S. Mint was established in 1792, according to its website.
The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday. CNN values your feedback 1.
The U.S. Treasury has announced the penny will not be produced after 2026. What does this mean for value and prices in the upcoming year?
Canada discontinued its penny in 2012, and financial transactions were rounded up or down to the nearest five cents. CONTRIBUTING Minnah Arshad, Kinsey Crowley and Fernando Cervantes Jr.
The U.S. Treasury is discontinuing the penny, finalizing its last order for the coin due to its high production cost. Cash transactions will be rou ...
The US Treasury has begun phasing out the penny, it said in a statement to the Wall Street Journal late last week.. The department made its final order of penny blanks earlier this month, and the ...
The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.