It looks like the penny will soon be a thing of the past! The U.S. Treasury has decided to stop minting pennies early in 2026. This change comes as production costs have risen and fewer people are using them. Did you know it costs nearly four cents to make just one penny?
With the penny's phaseout, you might be wondering what to do with all those copper coins in your piggy bank. Don’t worry! You’ll still be able to use them at any store that takes cash. Just a little tip: it’s a good idea to take a closer look at your coins before you spend them, because some of them might be worth more than just one cent. Happy coin checking!
“Outside of a few variations that are in low supply…most pennies will be worth just a tad more than their original value" Alex Beene, a financial literacy instructor for the University of Tennessee at Martin.
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