“Dear PoPville,
Spotted this sign at Tony’s Breakfast this morning, due to a Treasury decision halting penny production, they’re rounding cash change to the nearest 5¢. Curious if other businesses are doing this too. Seems harmless.”
And at Urban Outfitters:
Background from the Unites States Mint:
“The Secretary of the Treasury has decided to suspend production of the one-cent coin (penny) upon determining that it is no longer necessary to meet the needs of the United States. The decision was influenced by the rising cost of producing the penny, which has increased 1.42 cents to 3.69 cents per penny.
The penny remains legal tender and may still be used for transactions.
Based on the most recent estimates, the Mint expects to save approximately $56 million per year in production savings.”