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Stock impact report

With the penny going away, what should you do with the ones in your coin jar? [USA TODAY]

NerdWallet, Inc. (NRDS) 
Company Research Source: USA TODAY
US Mint presses last penny after over 200 years of production America's last penny was struck at the U.S. Mint in Philadelphia, the end of a coin production that started in 1793 and ended Nov. 12. Learn to love That's the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets. American consumers made only 16% of their payments in cash in 2023, according to the Federal Reserve. A 2022 Pew survey found that two-fifths of consumers never use cash at all. More: By now, most Americans know . Some businesses began reporting even before President ordered the Treasury to stop minting pennies because their production cost exceeds their value. (Intriguingly, the same is true Many Americans regard both nickels and pennies as more nuisance than currency. The typical household is sitting on , enough to fill one or two pint-size beer mugs, according to the Federal Reserve. Americans millions of dollars in coins every year Show less Read more
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