penny - Search News

News

Treasury Department set to phase out penny

Associated Press News on MSN · 15h

The penny costs nearly 4 cents to make. Here’s how much the US spends on minting its other coins

The impending “death” of the U.S. penny has spotlighted the coin’s own price tag — nearly 4 cents to make and distribute each, or quadruple its value.

ABC News on MSN · 1d

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.

Houston Chronicle · 53m

The penny is going away as the U.S. treasury department announces its plan to phase out circulation

The American penny will begin its slow fade into non-existence as the government plans stop making the U.S. currency next year.

United States Mint, Penny

U.S. Mint Signals Death Knell For 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, a Treasury Department official confirmed Thursday. An immediate annual savings of $56 million in reduced material costs is expected by stopping penny production,

U.S. News & World Report · 1d

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

Fast Company on MSN · 1d

The U.S. Treasury will stop minting pennies. Here’s how the math adds up

The Treasury reportedly lost over $85 million producing the one-cent coin last year. It has now placed its final order of penny blanks. The U.S. Treasury said on Thursday it is phasing out the penny and will soon stop putting new one-cent coins into circulation.

Explícame on MSN11h

The End of the Penny: U.S. will stop minting cents, the future has caught up with us

The U.S. Mint is set to stop producing pennies, marking the end of an era. With production costs soaring and the utility of ...

8hon MSN

See a penny, pick it up? In the future, probably not as often — and, some say, that matters

Holt points to traditions of putting pennies in loafers, of rhymes like “See a penny, pick it up, all the day you'll have ...

15h

What's next for the penny? The details on US decision to end penny production

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

1don MSN

An Ode to the Penny, Departing After 233 Years of Service

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

Modern Engineering Marvels on MSN5h

The End of the Penny Era How Fiscal Efficiency and Price Adjustments Will Shape the Future

This move by the U.S. Treasury, motivated by rising production expenses and a call for fiscal frugality, has opened up an ...

11h

Will famous penny sayings outlast the coin itself?

The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U ...

17hon MSN

Bessent claims America can ‘retool’ nickel as Treasury pledges to end penny production

Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that ...

Results that may be inaccessible to you are currently showing.

Hide inaccessible results