Last of the cents

I just heard a news report that the mint won't order any more penny plachets after the current batch runs out. Anyone else hear this?

 

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BBC online mentioned it - article in WSJ, confirmed by Treasury it seems.
US Treasury confirms the end of the penny - BBC News
It doesn't mean it will vanish overnight - but it is the beginning of the end.

 

We started using pennies instead of cents??!!

 

Remember, "Hold on to your Wheaties the Breakfast of Champions."

 

The reality is that initially the final year of cent production will see a flood of sales on the secondary at astronomical prices only to drop equally in the future as they will not be "rare" or any different than the billions of any previous year. At best they'll level off at a slight premium. Let's see if I'm right.

My only concern is the rounding to five cents when applied to taxation. My state charges 6% and I do not see them dropping to 5%. So it looks as though things are only getting higher where that's concerned.

 

So spend $5 at a time. It's getting easier every day.