The Discontinued Penny! - Episode 466
Have any spare change?
Do you still use cash and coins?
The US Treasury Department and US Mint announced that it will stop making pennies after it runs out of the blank templates used to make the coins, saving the government $56 million a year in materials costs. There is no indication that pennies will be taken out of circulation, only that new pennies will not be produced.
This move should have no impact on electronic purchases - ACH, Wire, Debit, Credit, etc.
A few news articles on the subject:
https://www.axios.com/2025/05/22/penny-coins-end-production-2026…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.