💱 The Penny Is Going Away. Could the Nickel Coin Be Next? (AARP Article)
FROM THE ARTICLE:
The Treasury Department is kissing the penny goodbye. The five-cent coin might follow suit.
By Andre Ellington, AARP.
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Published May 29, 2025.
The U.S. Treasury Department recently ordered its last round of penny blanks — flat metal discs that get turned into coins — and said it will not put any more pennies into circulation after that batch is made.
Why kill the penny? Because pennies cost a lot of money to make and distribute — 3.69 cents per coin, to be exact. And the U.S. issued more than 3.2 billion pennies during the 2024 fiscal year, according to the U.S. Mint, at a reported loss of around $85.3 million.
USE THE LINK BELOW TO READ THE ARTICLE.
https://www.aarp.org/money/personal-finance/history-of-the-nickel.html