Treasury Department to phase out penny
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The department says it has placed its final order for penny blanks, and production will end when they run out, which will likely be early 2026, according to The Wall Street Journal, which first reported on the decision.
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Holt points to traditions of putting pennies in loafers, of rhymes like “See a penny, pick it up, all the day you'll have good luck,” of people who think an unexpected penny sighting could be a sign from a loved one who's passed on.
After over 200 years, the United States government plans to stop making new pennies, the Treasury Department told the Wall Street Journal.
The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin. The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin. The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin. The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin. Corey O'Connor's victory is a crushing blow to Mayor Ed Gainey and his progressive backers who swept him into office four years ago as the city's first Black mayor. KDKA-TV's Andy Sheehan looks at reasons for the mayor's defeat in a race that drew national attention and money. We're just a few days away from what's usually considered a huge weekend for car sales. But with impending tariffs and low supply, should consumers wait? Boaz was live with a Memorial Day preview honoring those we should never forget. He checked out a moving tribute to Pennsylvania's fallen heroes.
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official confirmed
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.
The push to eliminate penny production has received support from lawmakers on both sides of the political aisle.
“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.”