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Republican lawmakers in Congress are forging ahead with President Donald Trump’s plan to end the production of pennies.
Coin experts say people may want to hold on to some pennies, though they likely won't be valuable any time soon.
A fter 233 years in circulation, the U.S. government is finally phasing out the penny. According to a Treasury Department ...
Got a piggy bank full of pennies? The small currency will soon be a thing of the past, but it could mean jobs in this Tennessee town. Here's the latest.
The U.S. Mint will stop producing pennies once current blanks run out. Penny production costs nearly 4 cents per coin, up 20% in 2024. Treasury projects $56 million in annual savings from the halt.
This coin isn’t pulling its weight. It now costs more than a dime to mint a nickel, prompting Congressional action from lawmakers who say the boondoggle epitomizes wasteful spending in Washington.
The penny’s demise would leave the nickel as the smallest physical token of wealth transfer. One might then expect many prices to be rounded up to the next five-cent increment.
The Denver Mint sits downtown in the Colorado capital, April 10, 2024. The mint cranks out, on average, around 10 million coins a day, roughly equal to $1 million.
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