US Mint moves forward with plans to kill penny
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Treasury Department to halt penny production
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After over 200 years, the United States government plans to stop making new pennies, the Treasury Department told the Wall Street Journal.
The U.S. Mint on Thursday said it has ordered the last batch of pennies after President Donald Trump ordered the elimination of the little-loved one-cent coin.
Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
Everything is making less cents. 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 — marking the beginning of the end ...
The federal agency placed its final order for penny blanks this month, with the United States Mint slated to end manufacturing of the penny when that runs out, a Treasury official told CBS MoneyWatch.
The United States Mint is ready to launch the next $1 coin in its American Innovation series, honoring NASA's retired space shuttle.
The U.S. Mint took top honors in "Best Circulating Coin" at the 2025 Mint Directors Conference for the work on the Jovita Idár issue in the American Women quarter dollar series.