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Treasury, pennies and phase out production
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"Confirming the WSJ story, the Treasury has made its final order of penny blanks this month and the United States Mint will ...
Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.
Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that ...
The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.
An annual savings of $56M in material costs is expected by stopping penny production, according to a U.S. treasury official.
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