Treasury to stop producing pennies

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With the cost of making the cent coin rising and President Donald Trump looking for ways to reduce unnecessary spending, the U.S. Treasury has ordered its last batch of “blanks” that it uses to form pennies, a department spokesman said Thursday.

The last of the new pennies will enter circulation early next year. Ultimately, it will mean that supply will dry up and businesses will be pressed into rounding prices to the nearest nickel.

For taxpayers, Treasury says halting the production of pennies will save $85 million — a modest amount compared to the $6.8 trillion the government spent in 2024 but nevertheless another step in fiscal belt-tightening.

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