Retailers and banks across the U.S. are feeling the penny pinch after President Donald Trump’s decision to abruptly stop producing the penny earlier this year.

With no guidance from the federal government on how to phase out the coins , many stores are left pleading for customers to pay in exact change – and costing businesses millions by rounding down to avoid lawsuits.

The penny problem

What they're saying:

Banks and retailers say they support the elimination of the penny, but they thought there would be a plan to phase them out, not abruptly stop making them.

Pennies are displayed on October 31, 2025 in San Anselmo, California. Retailers across the country are reporting penny shortages as the U.S. Mint ends production of the one-cent coin in preparation for its retirement after

See Full Page