End of the Penny: What It Means and What to Do
TL;DR Summary
The US is ending penny production due to high costs and declining demand, marking the end of a coin that has been part of American history since the 1790s. Despite its diminishing practical use, the penny remains a cultural symbol of thrift and has played a significant role in pricing, charity, and collecting. The transition to rounding cash transactions to the nearest nickel aims to save money and streamline commerce, while digital payments continue unaffected.
- Farewell to the Penny — A Tiny Coin’s Outsized Legacy PYMNTS.com
- Pennies are going away. Here's what to do with yours. Detroit Free Press
- Change is coming for the penny as Treasury Department makes final order of the coin USA Today
- Treasury Sounds Death Knell for Penny Production WSJ
- Penny production to end: Should you start stocking up? The Hill
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