economy
March 12, 2026
As pennies begin to disappear, states grappling with "rounding" problem for cash purchases
Months after the last of the United States' one-cent coins were pressed, some states are beginning to offer their own two cents on the penny problem by setting rounding guidance for cash purchases.
TL;DR
- The United States has stopped producing one-cent coins, leading to a shortage and difficulties with cash transactions.
- Several states are implementing or considering laws and guidelines for rounding cash purchases to the nearest nickel.
- Federal legislation is being considered to establish a nationwide rounding policy, aiming to prevent a patchwork of state rules.
- While the Treasury Department states rounding will not impact overall consumer prices, some research indicates a potential for businesses to benefit collectively.
- The elimination of pennies is expected to save the U.S. Mint $56 million annually, though it may increase demand for nickels, which are also costly to produce.
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