Earlier this week Canada announced that they would be phasing out their penny coin. On the heels of the Canadian announcement, U.S. Treasury Secretary, Tim Giethner stated in a press conference today that the U.S. Mint will remove the penny and nickel coins from circulation, starting early in January 2013.

[link to skewnews.com]


that the U.S. Mint will remove the penny and nickel coins from circulation, starting early in January 2013