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The End of the Penny: What It Means for Cash and Collectors

1 min read
Source: Newser
The End of the Penny: What It Means for Cash and Collectors
Photo: Newser
TL;DR

The US plans to stop minting pennies by 2026, but existing coins will remain legal tender for years, leading to a gradual transition where cash transactions are rounded to the nearest nickel, especially in cash-heavy retail settings, while electronic payments remain unaffected.

Topics:businesseconomy#cash-transactions#coin-elimination#economy#penny#rounding#us-treasury
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  1. How Eliminating the Penny Will Change Cash Transactions  Newser
  2. Stop making cents: US Mint moves forward with plans to kill the penny  AP News
  3. So what happens to America’s 114 billion pennies once the US stops making them?  KOCO
  4. An Ode to the Penny, Departing After 233 Years of Service  WSJ
  5. With the penny going away, what should you do with the ones in your coin jar?  The Stockton Record

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