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Originally published by Capital Businessbusiness
November 1, 2025
3h ago
Businesses are running out of pennies in the US
OCT 1 - US businesses are literally going penniless. Since the Trump administration ended minting the one-cent coins earlier this year, those still in Kenya breaking news | Kenya news today |..
✨ Key Highlights
The United States is experiencing a widespread penny shortage after the Trump administration ended minting the one-cent coin earlier this year. This has led many businesses to round cash sales to the nearest five cents, causing significant financial implications for retailers and customers.
- The US Mint officially stopped making pennies in May, much sooner than the Treasury Department's estimated shortage start of early 2026.
- The senior director of government relations with the National Retail Federation, Dylan Jeon, stated that businesses are losing up to four cents for every cash transaction when rounding down.
- Kwik Trip, a convenience giant, announced it would lose up to $3 million (£2.3 million) this year by rounding down to the nickel.
- Producing a penny costs nearly four cents, while making a nickel (worth five cents) costs almost 14 cents.
- Mark Weller, executive director of Americans for Common Cents, highlighted that the discontinuation disproportionately affects lower-income Americans who primarily pay in cash.
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