Why Phasing Out the Penny in 2026 Makes Cents (and Saves Dollars)

The U.S. Treasury is set to retire the penny by early 2026. Minting each coin now costs roughly 3.7 cents, and in 2024 alone the Mint lost about $85 million producing some three billion pennies. By ending production of these low-value coins, taxpayers could see immediate savings of around $56 million a year. It’s a […]