The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official confirmed

Could it now cost you a nickel? If you want to call somebody stingy, would you say they're a quarter-pincher? And if they spend money unwisely, are they now dime-wise but pound-foolish? OK, maybe those are some minor,

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

After more than 200 years, we bid farewell to our small-denominated currency that grew to become a symbol of thriftiness and luck.

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).

This move by the U.S. Treasury, motivated by rising production expenses and a call for fiscal frugality, has opened up an across-the-board debate about its effect on shoppers, retailers, and the entire economy.

The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U.S. government. "CBS Evening News" co-anchor Maurice DuBois takes a look at the wisdom inspired by the centuries-old coin.

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,