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Rounding Up: The Impact of Phasing Out the Penny, No. 25-27

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Rounding Up: The Impact of Phasing Out the Penny, No. 25-27

DATE: July 2025

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After more than two centuries in circulation, the penny is getting retired. In May, the U.S. Treasury Department placed its final order for penny blanks, which are the flat metal discs the U.S. Mint transforms into coins. These remaining blanks are expected to run out by early 2026, at which point production of new pennies will officially cease.

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Wang, Zhu and Wong, Russell. "Rounding Up: The Impact of Phasing Out the Penny, No. 25-27," Economic Brief (July 2025). https://fraser.stlouisfed.org/title/6034/item/689570, accessed on November 4, 2025.

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