Treasury Ending Penny Production by Early 2026
23rd May 2025
The Treasury Department will follow through on President Donald Trump’s order to stop producing pennies, Newsmax has confirmed.
New pennies will cease being put into circulation by early next year, The Wall Street Journal reported Thursday.
Businesses eventually will need to begin rounding up or down to the nearest 5 cents due to not enough pennies being available for everyday cash transactions, the Treasury said.
Who uses actual pennies? The only time I see pennies In Real Life is in the little Give A Penney Get A Penny dish by company cash registers.
The Mint projects an annual savings of $56 million in reduced material costs by ending penny production.
Which ought to have been done a decade ago when it became plain that the penny was a useless coin. When I was a child in the 1950s a penny could actually buy something – but the steady drip-drip-drip of inflation has reduced its value to insignificance.
