The Penny is being phased out of the U.S. Monetary system in 2026. What do local businesses think?

Why It Matters: According to a report by ABC, pro-penny lobby Americans for Common Cents argues that killing the cent just shifts losses to the nickel, which now costs nearly 14 cents to make.

Treasury to phase out penny after Trump says coin no longer makes 'cents' The cost of making a penny has risen to more than twice the coin's face value.

The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump asked the agency to stop producing the coin that has been part of the ...

Treasury to phase out penny after Trump says coin no longer makes 'cents' The cost of making a penny has risen to more than twice the coin's face value.

The impending "death" of the U.S. penny has spotlighted the coin's own price tag — nearly 4 cents to make and distribute each, or quadruple its value.

A nickel for your thoughts? US Mint’s plans to kill the penny inch closer to reality Treasury expects an immediate annual savings of $56 million in reduced material costs, one official says ...

According to the U.S. Mint, the cost of minting a single nickel is nearly 14 cents, almost three times the coin’s face value and more than three-and-a-half times the cost of minting a penny.

Treasury to phase out penny after Trump says coin no longer makes 'cents' The cost of making a penny has risen to more than twice the coin's face value.

The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump asked the agency to stop producing the coin that has been part of the ...

A nickel may be worth 5 cents but costs nearly 14 cents to make. With the penny possibly being eliminated, the Treasury wants a new, cheaper nickel.