pennies, Treasury Department
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After over 200 years, the United States government plans to stop making new pennies, the Treasury Department told the Wall Street Journal.
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.
The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.
The Treasury Department announced this week that it will stop putting pennies into circulation by early 2026, and said that when the coins are eventually in short supply, businesses will need to start rounding to the nearest 5 cents.