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The US Treasury will stop putting new pennies into circulation at the beginning of 2026, it was announced on Thursday Pennies ...
The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out ...
After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.
The U.S. Mint projects to save $56 million by reducing material costs. Making a penny cost 20% more in fiscal year 2024 than ...
The federal government is winding down production of the penny coin following a bipartisan effort to nix the ...
The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the ...
There is currently no official plan to recall pennies, and financial institutions are expected to continue accepting them. While pennies will remain legal tender, they will gradually disappear from ...
The U.S. Mint made its final order of penny blanks and said it plans to halt the production of pennies once those run out, ...
The US Department of the Treasury will officially be phasing out the penny from circulation once the current stock of blanks for minting is used up. Brad Smith reports more on this news.
The Treasury Department announced Thursday that it will soon carry out President Donald Trump's plan to phase out production ...
WASHINGTON -- The U.S. Treasury Department says it will phase out production of ... it has never existed in the United States. "The American system does not have a 'penny.' That is a misnomer ...