PWC News
Monday, July 28, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

U.S. Mint says its most recent order of penny blanks will be its last

Home Business
Share on FacebookShare on Twitter



The U.S. Mint has made its remaining order of penny blanks and plans to cease producing the coin when these run out, a Treasury Division official confirmed Thursday.

A direct annual financial savings of $56 million in diminished materials prices is anticipated by stopping penny manufacturing, in line with the official, who was not approved to debate the matter publicly and spoke on situation of anonymity to preview the information.

In February, President Donald Trump introduced that he had ordered his administration to stop manufacturing of the 1-cent coin.

Advocates for ditching the penny cite its excessive manufacturing value — nearly 4 cents per penny now, in line with the U.S. Mint — and restricted utility. Followers of the penny cite its usefulness in charity drives and relative cut price in manufacturing prices in contrast with the nickel, which prices nearly 14 cents to mint.

The Wall Avenue Journal first reported the information.

This story was initially featured on Fortune.com



Source link

Tags: blanksMintorderpennyU.S
Previous Post

Revealed: More than a dozen US officials sold stocks before Trump’s tariffs sent market plunging

Next Post

ACORE Statement on House Passage of H.R.1 “The One, Big, Beautiful Bill Act”

Related Posts

Adani Total Gas Q1 Results: Cons PAT down 4% YoY to Rs 165 crore but revenue rises 21%
Business

Adani Total Gas Q1 Results: Cons PAT down 4% YoY to Rs 165 crore but revenue rises 21%

July 28, 2025
Europe surrenders to Trump (and thus secures a victory by the back door)
Business

Europe surrenders to Trump (and thus secures a victory by the back door)

July 28, 2025
Jerusalem transformed by streamlined development procedures
Business

Jerusalem transformed by streamlined development procedures

July 27, 2025
Beyond aroma, how cardamom cultivation can be a profitable for farmers
Business

Beyond aroma, how cardamom cultivation can be a profitable for farmers

July 27, 2025
Reliance Power Issues Clarification After Anil Ambani Group Faces ED, CBI Heat
Business

Reliance Power Issues Clarification After Anil Ambani Group Faces ED, CBI Heat

July 27, 2025
Andhra CM Chandrababu Naidu lands in Singapore to woo investors
Business

Andhra CM Chandrababu Naidu lands in Singapore to woo investors

July 27, 2025
Next Post
ACORE Statement on House Passage of H.R.1 “The One, Big, Beautiful Bill Act”

ACORE Statement on House Passage of H.R.1 “The One, Big, Beautiful Bill Act”

Despite Record Prices, Bitcoin Selling Pressure Craters as Investors Hold Firm, Cryptoquant Reports – Markets and Prices Bitcoin News

Despite Record Prices, Bitcoin Selling Pressure Craters as Investors Hold Firm, Cryptoquant Reports – Markets and Prices Bitcoin News

Monthly Dividend Stock In Focus: AGNC Investment Corp.

Monthly Dividend Stock In Focus: AGNC Investment Corp.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Forexus Drops An NFT Coin – Public Phase Sells Out In Minutes
Cryptocurrency

Forexus Drops An NFT Coin – Public Phase Sells Out In Minutes

by PWC
July 27, 2025
0

Be a part of Our Telegram channel to remain updated on breaking information protection The non-fungible token market is experiencing...

SAIL Q1 Results: Profit, Revenue Fall

SAIL Q1 Results: Profit, Revenue Fall

July 25, 2025
Chetwood Bank surpasses £5bn for the first time

Chetwood Bank surpasses £5bn for the first time

July 26, 2025
Grayscale’s ETF chief David LaValle to leave ahead of company’s IPO: Unchained

Grayscale’s ETF chief David LaValle to leave ahead of company’s IPO: Unchained

July 23, 2025
Have the Bond Vigilantes Dismissed Tariff-Inflation Risk? | Investing.com

Have the Bond Vigilantes Dismissed Tariff-Inflation Risk? | Investing.com

July 23, 2025
Beyond aroma, how cardamom cultivation can be a profitable for farmers

Beyond aroma, how cardamom cultivation can be a profitable for farmers

July 27, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.