{"id":39736,"date":"2025-05-23T11:28:30","date_gmt":"2025-05-23T11:28:30","guid":{"rendered":"https:\/\/microloannexus.com\/?p=39736"},"modified":"2025-05-23T11:28:32","modified_gmt":"2025-05-23T11:28:32","slug":"how-ending-penny-production-affects-consumers-and-businesses","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=39736","title":{"rendered":"How Ending Penny Production Affects Consumers and Businesses"},"content":{"rendered":"
\n

The U.S. Treasury Department will stop making new pennies, according to a statement on Thursday.<\/p>\n

The Wall Street Journal<\/i> first reported that the U.S. government ordered its last penny blanks in May, and the United States Mint will stop manufacturing the one-cent coins when the final inventory of penny blanks is used. (Penny blanks are flat, metal discs that are turned into coins.)<\/p>\n

Related: <\/b>Bitcoin Just Hit an Eye-Popping Record. Here’s How High Experts Think It Could Go: ‘Get Ready for a Wild Ride’<\/p>\n

President Donald Trump ordered the U.S. Mint in February to stop making pennies, noting its high production cost. According to the U.S. Mint, it costs up to 4 cents to make just one penny.<\/p>\n

The penny has been used as a currency in the U.S for about 233 years and was first introduced in 1792.<\/p>\n

The last pennies to enter circulation will happen in early 2026.<\/p>\n

What Does Ending Penny Production Mean for Small Businesses?<\/h2>\n

Consumers will continue to be able to use pennies to pay for purchases, the Treasury Department said. That is, until the copper-plated coins run out. There are still about 114 billion pennies in circulation, per the New York Times<\/i>.<\/p>\n

In the statement, the department said that after the last batch, making exact change might be a thing of the past. That’s because eventually, there won’t be enough pennies for daily cash transactions.<\/p>\n

The U.S. Treasury said businesses will be instructed to start “rounding up or down to the nearest 5 cents,” when that happens, the statement says.<\/p>\n

Related: <\/b>Rare Penny Sells at Auction for $1.1 Million. Here’s How to See If You Have One in Your Swear Jar.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Treasury Department will stop making new pennies, according to a statement on Thursday. The Wall Street Journal first reported that the U.S. government ordered its last penny blanks in May, and the United States Mint will stop manufacturing the one-cent coins when the final inventory of penny blanks is used. (Penny blanks are<\/p>\n","protected":false},"author":1,"featured_media":39737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[32],"class_list":{"0":"post-39736","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-make-money","8":"tag-featured"},"yoast_head":"\nHow Ending Penny Production Affects Consumers and Businesses | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"The U.S. Treasury Department will stop making new pennies, according to a statement on Thursday.The Wall Street Journal first reported that the U.S.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=39736\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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