Nov 19, 2025 · The United States minted its final pennies last week, but the phase out of the 1-cent coin is expected to vary from community to community. The federal government says the penny is being phased out after a more than 200-year run because of high production costs. As of 2024, producing and distributing a single penny cost 3.69 cents.
Dec 18, 2025 · Calls from businesses for federal guidance on how to handle the elimination of the penny have so far gone unanswered, pushing some states to take up the issue.
Mar 9, 2026 · The days of stuffing pennies into copper-colored sleeves are numbered. For some of us, this is nostalgic. For retailers and tax administrators, the demise of the penny will eventually necessitate rounding cash up or down. Governments and tax officials must decide how businesses should handle sales tax when rounding cash transactions. To date, about a dozen states have issued guidance on rounding.
Jul 16, 2026 ·
https://commoncentsact.com/state-tracker
Jul 16, 2026 · Track penny elimination legislation and cash rounding guidance across all 50 states , DC, and US territories. See which jurisdictions have passed laws, issued guidance, or have pending bills.
Nov 21, 2025 · State legislatures may have to implement new legislation or work with state executive agencies on any regulation. The penny remains a currency for non-cash transactions. States will lead the way as the federal government, barring congressional intervention, has left implementing policy to the states . While states may approach this issue differently due to their own unique circumstances, there ...
Oct 2, 2025 · No pennies ? No problem! Kwik Trip updates cash purchase plans as stores run out of pennies Production of the penny is expected to phase out in the beginning of 2026.
Dec 23, 2025 · The following recommendations are non-binding guidance. All must comply with otherwise applicable restrictions.Frequently Asked Questions: BusinessesWhy is penny production being suspended?Over the past 10 years, the total production cost of the penny has risen from 1.3 cents to 3.69 cents per penny . These production costs include materials, facilities, and overhead. The U.S. Mint projects an ...
Jul 3, 2025 · With penny production ending, Schofield said now is a good time to start putting away more valuable coins . “This end of the penny production gives Associated Bank an opportunity to educate our customers each and every day around what does good quality savings look like and let’s be honest, the days of saving pennies ; maybe that’s a little ...
Nov 14, 2025 · Electronic payments will remain unaffected by the end of penny production. How are retailers in Wisconsin , other states responding to the penny going away?
Aug 28, 2025 · Earlier this year, the Treasury advanced President Trump’s plan to discontinue the penny . The final penny blanks are set to be minted in early 2026, and many members and their customers have a growing number of questions: Are pennies still available? Can banks continue to distribute pennies ? How will businesses handle cash transactions moving forward?