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Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.
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).
Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that ...
The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.
The U.S. Mint will stop making pennies once its final supply of blanks is gone, following a Trump administration directive ...
The US Treasury Department says it will phase out production of new pennies early next year. It said that the cost of making ...
The U.S. Mint will make pennies as long as the blanks exist, but once they run out, there will be no more pennies produced, ...
The US Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury ...
"Confirming the WSJ story, the Treasury has made its final order of penny blanks this month and the United States Mint will ...