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Trump's Plan To 'Rip The Waste Out' Means End Of The Road For The Penny, But What Happens When Cash Totals Jump To The Next Nickel
Monday, May 26, 2025 - 10:58pm | 554The U.S. Treasury will strike its last penny early next year, ending a 233-year production run, yet the copper-colored coin will keep rattling in cash drawers for years as retailers gradually round transactions to the nearest nickel. What Happened: There are about 114 billion pennies in circulation...
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US Treasury Pulls The Plug On Penny Production After 231 Years, Eyes $56 Million In Immediate Annual Savings
Friday, May 23, 2025 - 3:30am | 463In a landmark decision, the U.S. Treasury Department has declared that the production of pennies will be discontinued from next year, bringing to a close two centuries of circulation. What Happened: The call to halt the minting of pennies was taken by President Donald Trump earlier this year, who...
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One Million Old Pennies Found In Los Angeles Home: Are They Worth $10,000 Or More — And How To Get Rid Of Them
Tuesday, June 13, 2023 - 12:53pm | 852Chances are you know someone with a change jar in their house, a place to put all the spare change and save it until the jar gets full or for a special event. Oftentimes, people have a penny jar, collecting one-cent coins over years and then cashing them in at the bank. A Los Angeles home took...