Iowa credit union stops allowing penny withdrawals
In light of the U.S. Mint’s decision to discontinue the production of pennies, several businesses have begun rounding cash purchases to the nearest five cents. Following this trend, GreenState Credit Union has updated its policy. Members can continue to deposit pennies, but withdrawals of pennies are no longer permitted. When cashing a check or redeeming […]
Tracy Reiner, actress and daughter of Rob Reiner and Penny Marshall, is ‘in shock’ following her father’s tragic passing.
Tragic Deaths of Rob and Michele Reiner Tracy Reiner, the daughter of filmmaker Rob Reiner, has spoken out following the shocking discovery of her parents found dead in their Los Angeles home on Sunday. At 61, Tracy was adopted by Rob during his marriage to the late Penny Marshall, which lasted a decade from 1971 […]
Justice for Penny: NYC dog owner jailed for not surrendering dogs linked to several attacks
Owner of Aggressive Pit Bulls Arrested After Series of Attacks The owner of two aggressive pit bulls responsible for multiple attacks on the Upper West Side has been apprehended. Joseph Columbus faces the possibility of staying in jail until March 11 and is required to pay $250 daily for flouting a court order from June […]
Farewell to the penny as the U.S. halts production of the historic one-cent coin after over two hundred years in circulation
End of the Penny Era After over 230 years, the United States has officially ceased minting the penny, a coin that has been in circulation since 1787. The final penny was produced in Philadelphia, signaling the close of a significant chapter. Even though pennies are no longer being minted, billions of them are still out […]
As the penny disappears, how should you handle the coins in your jar?
Kevin McCauley, the CEO of Coinstar, urges Americans to appreciate their coins more. According to the Federal Reserve, cash transactions hit a low in 2023, with only 16% of consumers opting to pay this way. A Pew study from last year indicated that two in five people didn’t use cash at all. Notably, the last […]
Penny Oleksiak faces a two-year suspension due to several missed location reports.
Penny Oleksiak Accepts Two-Year Suspension from Swimming Penny Oleksiak, recognized as Canada’s top female Olympian, has accepted a two-year suspension from competitive swimming due to a breach of anti-doping regulations. This news was announced by the International Testing Agency (ITA) on Tuesday after Oleksiak missed three drug tests from October 2024 to June 2025. Her […]
Lubbock banker and coin enthusiast share their thoughts on stopping penny production
Penny Production Ends in the U.S. LUBBOCK, Texas – After 232 years, the U.S. Treasury has decided to halt penny production, minting the final one recently. Over the last decade, the cost to produce a penny has gone up significantly, rising from 1.42 cents to 3.69 cents. Reducing the number of coins minted is expected […]
Banks request federal support as penny shortage grows.
Coin Crisis Grows as Penny Production Ceases Key Insights: Retailers are experiencing difficulty in obtaining pennies due to slowed distribution, and federal authorities haven’t provided instructions on how to manage the situation. Support Data: Out of 165 coin distribution terminals managed by the Federal Reserve, 102 do not handle pennies or accept deposits. Expert Quote: […]
Who benefits and who suffers as the US phases out the penny
At this point, most Americans are aware of the odd economics behind coins. It costs around 4 cents to produce one penny. You probably have a few stacked up somewhere—a jar, your pocket, maybe even the ashtray in your car. Though it’s tiny, the penny represents more than its size—it holds cultural significance. If it […]
Goodbye, dear penny. Your time has come to an end, but you will always be remembered.
Farewell, Penny: A Tribute to a Beloved Coin Oh, dear Penny, you’ve been quite the trooper. We picked you up, and you brought us good luck. Remember when we used to give you to others, and it felt like we were gifting them ideas? And then there were those wild debates about whether dropping you […]