Here's what the Common Cents Act means for businesses, consumers
New law aims to address how businesses and consumers should transact amid the phase-out of the penny.
Watch CBS News
New law aims to address how businesses and consumers should transact amid the phase-out of the penny.
The Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
Penny production will stop in 2026, forever changing the landscape for one Bay Area business.
The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.
