The Truth About Pennies

 

                              Pennies stopped being minted in February of 2025.

https://www.cnn.com/2025/02/10/business/costs-of-pennies-and-nickels/index.html 

        Why should you care?  It raises questions for the consumers and coin collectors.

      For example, how will this affect in person purchases? It will be rounded to the

         nearest nickel. If something costs $11.95, it will be rounded to $12. I imagine this

         will cause confusion for cashiers.

               Coin collectors who focus on pennies, will likely pay more to complete their

         collection due to supply-and demand. 

               My husband orders boxes of pennies from the bank. Will banks still allow you

         to order boxes of pennies? 

              Here's another question that's been brought to my attention. Will the price of

        pennies increase since they are no longer being minted? The price will remain the 

        same except for the key dates, and error pennies. I go by the red book of coins.

        It lists the retail value. Collectors are willing to pay more for pennies now that they 

        are no longer being minted.