U.S. Penny Shortage Sparks Rounding Debate and Collector Interest
TL;DR Summary
The U.S. Treasury has stopped producing pennies, leading to a shortage and prompting guidance for merchants to round transactions to the nearest five cents, while lawmakers call for legislation to provide legal safe harbors and ensure smooth cash circulation amid ongoing debates about penny recirculation and costs.
Topics:business#cash-transactions#federal-reserve#finance#legislation#penny-shortage#treasury-guidance
- Treasury Issues Guidance for Penny Shortage NACS
- Without pennies, should retailers round up or down? States offer their 2 cents. Hays Post
- Penny production halted: What it means for shoppers and collectors KSAT
- Cheers to a penniless future The Tryon Daily Bulletin
- Last U.S. cents sold at auction for a sum of $16.76 million were worth a pretty penny WLTX
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