Expect confusing signals and more signs of penny shortages in 2026. Even bankers are asking for some relief as coin ...
President Donald Trump said Sunday he had told the Treasury to stop producing penny coins, presenting it as an effort to cut ...
Pennies are vanishing from cash drawers and coin jars far faster than most people expected, as the supply of new one-cent pieces has abruptly gone to zero. With minting halted and businesses already ...
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. “For far too long the United States has minted ...
Denver, Colorado, Production of coins at the United States Mint. A bin holds blank shapes that will be turned into pennies. (Photo by: Jim West/UCG/Universal Images Group via Getty Images) In November ...
The reasons cited for the decision earlier this year to stop minting pennies after 232 years were both financial and practical. Decades of rising prices had shrunk the purchasing power of the cent to ...
ShopRite is officially rounding prices up and down by 5 cents in cash transactions in response to a penny shortage, caused by the U.S. Mint’s decision to stop producing pennies.
Learn to love your coins. That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets. American consumers made only 16% of their ...
The penny was discontinued by the US Treasury earlier this year because they cost more to make than they're worth.
America began saying its long goodbye to the penny in February. That's when President Donald Trump ordered the Treasury Department to stop minting the 1 cent coins. Unlike most Trump directives, this ...