Treasury Department pledges to end all penny production by early 2026

Washington Examiner ^ | 5/22/2025 | Emily Hallas

[marcusmaximus]

The Treasury Department is phasing out penny production by early next year after President Donald Trump ordered the government to halt the “wasteful” minting of the coins.

The Treasury will stop making pennies by early 2026, which will require businesses to start rounding up or down to the nearest five cents, the agency confirmed in a statement to the Wall Street Journal on Thursday.

[Openurmind]

I don’t think the stock reality will be affected. Just the physical coin will not be made anymore and eventually fade away.

[goo goo g'joob]

Do you want to pay 60 cents for something that cost 54 cents?

the "rounded" price would be 55 cents

ending digits 0,1,2 results in "rounded" last digit of 0 - second to last digit remains the same

ending digit 3,4,5,6,7 results in "rounded" last digit of 5 - second to last digit remains the same

ending digit 8,9,0 results in "rounded" last digit of 0 - second to last digit increases by 1

[sonova]

No, digital transactions will not be rounded.

++++++++++++++

Are you asserting that every financial chain of transactions somehow results in an integer value of cents?

[sonova]

Hi
You indicate two outcomes for ending digit 0.
I don’t care how it gets rounded, just want to let you know.

[goo goo g'joob]

You indicate two outcomes for ending digit 0.

ending digit 8,9,0 results in "rounded" last digit of 0 - second to last digit increases by 1

corrected

ending digit 8,9 results in "rounded" last digit of 0 - second to last digit increases by 1

thank you for your attention to detail

[sonova]

thank you for your attention to detail
++++++++++++
you got it!

[packrat35]

We were talking about pennies and nickels being eliminated.

[packrat35]

We were talking about rounding pennies not fractions of pennies.

[TexasGator]

“What cost a penny in 1956 now costs 26 cents.”

11 cents

[Jacquerie]

We do not hate Congress enough.

[clearcarbon]

"The Treasury will stop making pennies by early 2026, which will require businesses to start rounding up or down to the nearest five cents, "

Round to the nearest dime and you can get rid of nickels and quarters as well.

[minnesota_bound]

We need to have the old look of coins from past years like the Indian penny, Buffalo nickle, Liberty quarter, Morgan silver dollar.