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 […]
Change is on the way: America says goodbye to the penny.
Penny Production Comes to an End LEXINGTON, Ky. — The production of the one-cent coin in the U.S. has officially ceased, marking a significant shift after 232 years. This signals the end of the lowest denomination of U.S. currency. This week, the U.S. Mint announced the halt in penny production, a decision first suggested by […]
Ozarks penny collectors share tips as U.S. Mint ceases production
Change in Penny Production Sparks Collector Interest SPRINGFIELD, Mo. – With the U.S. Mint halting penny production, coin enthusiasts are sharing insights on which coins might be worth keeping versus those that are alright to spend. Dave Sorick, passionate about coins since his teenage years and currently the president of the National Numismatic Association, views […]
U.S. penny withdrawal: Mint produces the final one cent coin
A penny doesn’t hold much value these days. Most New Yorkers pass by them on the street, and many will even ask cashiers to “keep the change” on small purchases. It’s interesting to think about how these copper coins often end up stuffed at the bottom of wallets or in jars that parents set up […]