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Treasury Department set to phase out the penny
The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.

The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U.S. government.
The federal agency placed its final order for penny blanks this month, with the United States Mint slated to end manufacturing of the penny when that runs out, a Treasury official told CBS MoneyWatch. The blanks — flat, metal discs that the Mint turns into coins — will run out in early 2026, according to the Wall Street Journal, which first reported the news.
The Trump administration had recently signaled it was out to stop making the 1-cent coin, with Elon Musk's Department of Government Efficiency saying in January that the penny was too costly to produce. In February, President Trump said he had directed the Treasury to stop minting new pennies, citing the rising production costs.
Start saving your pennies boys.
