Updated
Updated · USA TODAY · Apr 19
US Adapts to Penny Phase-Out as States Move to Nickel Rounding
Updated
Updated · USA TODAY · Apr 19

US Adapts to Penny Phase-Out as States Move to Nickel Rounding

17 articles · Updated · USA TODAY · Apr 19
  • The US Mint stopped producing pennies last year due to high manufacturing costs, leaving businesses and consumers to adapt to their gradual disappearance.
  • States like New York are proposing laws to standardize rounding cash transactions to the nearest nickel, while businesses report minimal disruption so far.
  • With billions of pennies still in circulation and the nickel also costing more to produce than its value, further changes to US coinage may follow.
The penny is gone. Is the nickel next and what would that cost consumers?
How does ending the penny change our fundamental relationship with cash?
Now that pennies are a finite resource, will their collector value skyrocket?
Are cash users now paying more due to inconsistent rounding rules?
How are small businesses navigating the confusing patchwork of state rounding laws?
What is the true environmental dividend of no longer mining for pennies?