penny, Coinstar
Digest more
Treasury Department to halt penny production
Digest more
Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.
The U.S. government is no longer going to mint pennies, and soon cash retail transactions will be rounded to the nearest nickel. What, exactly, does a single penny buy you these days? We took a drive around town to find out.
After more than 200 years, we bid farewell to our small-denominated currency that grew to become a symbol of thriftiness and luck.
It may be time to start collecting pennies.
Explore more
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump posted on social media. “I have instructed my Secretary of the US Treasury to stop producing new pennies. Let's rip the waste out of our great nations budget, even if it's a penny at a time.”
1don MSN
A penny saved was a penny earned. A penny bought your thoughts. A penny was pretty. A penny was pinched. A penny might even be hiding in your loafer. There won’t be as much of that anymore. The Treasury Department said on Thursday that it was phasing out the penny.
Production for the 1-cent penny coin, which first went into circulation when Alexander Hamilton was the first Secretary of the Treasury, is winding down this month, as “demand has drastically decreased.