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The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's early days, according to reports. The US Treasury made its final order ...
The Treasury Department has pledged to stop producing the penny by early next year. Here's why — and what becomes of your one-cent coins.
Farewell to the Penny: US Treasury Ends Production of One Cent Coin After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.
End of pennies in US: It costs 4 cents to make a coin — here's how much money it will save and what happens next The US Treasury Department says it will phase out production of new pennies early ...
These coins have stalks of wheat encircling the "One Cent" text on the back of the coin. The wheat was eventually phased out and replaced with an engraving of the Lincoln Memorial, USA TODAY reported.
The United States Treasury has put in its final order of pennies, and production is expected to end early next year. Here's what you should know.
With the U.S. Mint losing millions annually on penny production and cash transactions declining, the decision to eliminate the one-cent coin raises questions about economic impact, job losses, and ...
The US Mint, which produces the coin, would continue to manufacture pennies while an inventory of penny blanks remains, they said.
The Treasury Department said it will stop production of the penny, marking the beginning of the end for the one-cent coin, which has cost taxpayers millions.
The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year.
The U.S. Treasury is reportedly gearing up to stop putting new one-cent coins into circulation by early next year, The Wall Street Journal reported on Thursday, which could change the way you pay.