Story perspectives

U.S. Phases Out Pennies, Retailers Adjust to New Laws

2/10/2026

Summary

Story summary

In 2026, the U.S. Treasury halted penny production, prompting retailer guidelines.
In Washington, laws would round cash transactions to the nearest five cents, via House Bill 2334 and Senate Bill 6230.
Retailers seek clarity to avoid tax complications and consumer lawsuits.
As pennies phase out, Grand Marais State Bank will adjust its transactions.
Despite cessation of minting, about 114 billion pennies remain in circulation and can be used for payments.

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Story summary

In 2026, the U.S. Treasury halted penny production, prompting retailer guidelines.
In Washington, laws would round cash transactions to the nearest five cents, via House Bill 2334 and Senate Bill 6230.
Retailers seek clarity to avoid tax complications and consumer lawsuits.
As pennies phase out, Grand Marais State Bank will adjust its transactions.
Despite cessation of minting, about 114 billion pennies remain in circulation and can be used for payments.