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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.
Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that ...
The U.S. Treasury Department confirmed last week that penny production will cease in early 2026, and while cashless payment ...
The US Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury ...
The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.
The US Mint is ceasing penny production due to rising costs, a move expected to save the government $56 million annually.
The US Treasury Department says it will phase out production of new pennies early next year. It said that the cost of making ...
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