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The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.
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The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.
The United States Treasury has put in its final order of pennies, and production is expected to end early next year. Here's what you should know.
President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent.
In February, Trump instructed the Treasury Department to stop minting the low-value coins. “For far too long the United States has minted pennies which literally cost us more than 2 cents.
The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.
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