It’s been months since any new pennies were minted in the U.S., and more businesses are starting to see empty penny slots in their cash registers.
Pennies were designated for retirement last year after becoming some of the most expensive to make when compared to their actual value. There have been efforts to make the penny cheaper to produce, but using other materials was found to be ineffective.
The U.S. has had a one-cent coin since 1793, and essentially still does. New pennies will be minted in 2026, though they won’t be entering circulation, and the more than 300 billion pennies believed to be in circulation will continue to be accepted tender.
However, if you aren’t spending or depositing the pennies you’re stashing, businesses will likely be stuck altering how cash transactions are treated.
Several retailers, especially convenience stores, have warned consumers not to expect correct change, while others have offered gift cards and freebies in exchange for pennies.
FoundingFrog
Article URL : https://www.newsnationnow.com/business/your-money/more-retailers-impacted-by-penny-shortage-how-theyre-responding/