News about coins

The U.S. Mint stopped producing pennies for circulation in November 2025, and new federal legislation sets a framework for rounding cash payments to the nearest five-cent increment when exact change isn't available. Under the rules, totals ending in one, two, six or seven cents generally round down, while those ending in three, four, eight or nine cents round up, so a $12.42 purchase could become $12.40. The framework excludes credit cards, debit cards, checks, gift cards and other noncash payments, which can still be charged the exact amount. Sales taxes should still be calculated on the actual taxable purchase, and rounding is permitted rather than required, so practices may vary by retailer. Existing pennies remain legal tender.