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US retailers left short-changed as penny production ends Nov 1 (Reuters) - Now that the United States no longer makes pennies, there is a scramble among gas stations, fast-food chains and big-box stores to adjust prices and round cash transactions,
Rounding Up: The Impact of Phasing Out the Penny In 2024, the Treasury incurred a seigniorage loss of $85 3 million on penny production As pennies phase out, businesses are likely to round cash transactions to the nearest 5 cents, resulting in a "rounding tax "
December 2, 2025 Secretary Department of the Treasury The Honorable Kristie McNally Acting Director U S Mint 801 9th Street, NW Washington, DC 20220 Dear Secretary Bessent, Chairman Powell, and Acting Director McNally: We write to urge your agencies to provide immediate guidance amidst concerns from consumers, retailers, and banks regarding the impact of penny shortages
Penny Order and Deposit Information | Federal Reserve Financial Services As a result of the U S Department of the Treasury’s decision to end production of the U S penny coin, the Federal Reserve is communicating to customers anticipated changes to penny ordering and deposits as certain coin distribution locations run out of inventory
Why the penny shortage is confusing shoppers - Axios A fast-accelerating penny shortage Driving the news: Retailers say the national penny supply began unraveling months ago — and is now worsening by the day "The growth of stores that are out of pennies is exponential," said Austen Jensen, senior executive vice president of public affairs for the Retail Industry Leaders Association (RILA)
US retailers are running out of pennies - BBC The US Mint officially stopped making pennies in May The Treasury Department estimated shortages would start in early 2026, but they actually came much sooner