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U.S. to End Penny Production by 2026, Save Millions

5/23/2025

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Summary

Story summary

The U.S. Treasury plans to halt penny production by early 2026, a move backed by both political parties to save $56 million each year. While pennies will still circulate, businesses may start rounding prices, impacting sales tax. Since 1792, the penny has featured Abraham Lincoln, a symbol of American history since 1909.

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Story summary

The U.S. Treasury plans to halt penny production by early 2026, a move backed by both political parties to save $56 million each year. While pennies will still circulate, businesses may start rounding prices, impacting sales tax. Since 1792, the penny has featured Abraham Lincoln, a symbol of American history since 1909.