Pennies to be phased out of production

Forum|Forum|1 year ago
May 23, 2025
6 replies
18 views

Just read a business article that pennies are going to be phased out of production. The article said that businesses will eventually have to round up or down to the nearest five cents. But didn't Benjamin Franklin say a penny saved is a penny earned? 😀

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Best answer by BobKamman

The cognoscenti were discussing this months ago.

https://accountants.intuit.com/community/tax-talk/discussion/penny-for-your-thoughts/00/317505

BobKammanAnswer

Level 15

The cognoscenti were discussing this months ago.

https://accountants.intuit.com/community/tax-talk/discussion/penny-for-your-thoughts/00/317505

PATAXAuthor

Level 12

I didn't see that post Bob. Thanks. You have a good memory. Wasn't there a saying, a penny for someone's thoughts or something like that? 😀

IRonMaN

Level 15

Start collecting them now. Once they are no longer around they could climb in value to be worth 2 or 3 cents😁

Slava Ukraini!

PATAXAuthor

Level 12

@IRonMaN I still have my Lincoln Wheat Penny collection in the blue folders that my dad gave to me, and that my grandfather gave to my dad. The value hasn't changed much. They made so many pennies that they're not rare, and therefore not very valuable.