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The agency did not specify how long the inventory was expected to last, so it's unclear exactly when pennies will no longer be in circulation. Blanks are flat metal discs that eventually become coins,
The American penny has been in circulation since 1792. It will be discontinued because it is too expensive to make.
Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.
After more than 200 years, we bid farewell to our small-denominated currency that grew to become a symbol of thriftiness and luck.
Modern Engineering Marvels on MSN11h
The End of the Penny Era How Fiscal Efficiency and Price Adjustments Will Shape the FutureThis move by the U.S. Treasury, motivated by rising production expenses and a call for fiscal frugality, has opened up an across-the-board debate about its effect on shoppers, retailers, and the entire economy.
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It may be time to start collecting pennies.
Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that the Treasury Department will cease all penny production by early 2026. “I think we can retool the nickel and change the composition of the alloys so that a nickel is worth a nickel,