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pennies, Treasury Department

Change is coming for the penny as Treasury Department makes final order of the coin

The federal government made its final order of penny blanks this month − the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.

ABC News on MSN · 6d

Treasury Department to phase out the penny after Trump says the coin no longer makes 'cents'

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using pennies at its overseas bases in 1980 because it became too expensive to ship them.

CSP Daily News · 1d

U.S. Treasury Department to Stop Penny Production Starting in 2026

President Donald Trump directed the Treasury Department to stop producing pennies beginning in early 2026. Why? The penny costs 3.7 cents to make, according to the U.S. Mint, and it reported losing $85.3 million from producing pennies at more than they’re worth in the 2024 fiscal year that ended in September.

7hon MSN

What's next for the penny? The details

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

WOOD Grand Rapids on MSN2h

Local coin collector sees penny sales skyrocket as US halts production

A Rockford coin collector says his penny sales have increased tenfold since President Trump first directed the Treasury Department to stop producing the penny earlier this year.

End of the Penny Grows Near

The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.

WBOC TV1d

With Penny Production Ending, Penny Presses May Face Uncertain Future

The U.S. Treasury Department confirmed last week that penny production will cease in early 2026, and while cashless payment ...

6don MSN

US Mint moves forward with plans to kill the penny

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

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