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Treasury Department to phase out the penny after Trump says the coin no longer makes 'cents'
The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using pennies at its overseas bases in 1980 because it became too expensive to ship them.
1hon MSN
The Treasury Department placed its final order of penny blanks this month, a spokesperson said.The US Mint estimates $56 ...
Advocates for ditching the penny cite its high production cost — almost 4 cents per penny now, according to the U.S. Mint — ...
Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.
WASHINGTON (AP) — The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. An immediate ...
The U.S. Treasury has made its final order for penny blanks, adding the nail in the coffin of the copper colored coin. The ...
The U.S. Treasury has ordered its last batch of “blanks” that it uses to form pennies, a department spokesman confirmed.
The first year of Purdy's starting career, 2023, proved his tremendous upside. Not only did the Iowa State product guide the ...
It has been more than a year since Spartanburg County began collecting on the penny tax sales referendum. So, how are things ...
(CNN) — The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday. The news of the decision ...
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