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Treasury unveils its plan to kill the penny
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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.
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official confirmed
After more than 200 years, we bid farewell to our small-denominated currency that grew to become a symbol of thriftiness and luck.
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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,