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The U.S. Treasury estimates there are 114 billion 1-cent coins still in circulation, though many sit in piggy banks, junk drawers, or couch cushions.

But since the Mint stopped making new pennies on Nov. 12, retailers say they’re already running short and have started rounding prices to the nearest nickel.

Rounding only applies to cash payments at checkout. People who pay electronically can still pay amounts that don’t end in 0 or 5.

Cash made up 14% of all payments last year, but it was more often used by older Americans and low-income groups.

And all that rounding could cost those consumers $6 million a year.

— Laura

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