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The U.S. Treasury will stop minting pennies next year after 233 years. Retailers can still accept them, but will have to ...
The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...
The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.
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 ...