Senate passes bill that could change nickels and how you pay with cash

descriptions off, selected

captions settings, opens captions settings dialog

captions off, selected

This is a modal window.

Beginning of dialog window. Escape will cancel and close the window.

End of dialog window.

Is your old money worth anything?

Is your old money worth anything?

(NEXSTAR) – The U.S. is inching closer to ditching its penny and potentially replacing its nickel following the Senate’s passing of the “Common Cents Act” this weekend.

The Senate passed the bill, a version of which already passed the House, with unanimous consent on Friday.

Broadly speaking, it tackles three aspects of our currency.

The Common Cents Act formally calls for the end of penny production. If you’ve been following the drawn-out death of the penny, you know the U.S. minted its final one-cent coin for circulation last year (collectible pennies for America’s 250th anniversary were released earlier this year).

They remain legal tender, even if retailers have none to give you as change when you pay with cash, and the Federal Reserve would have to limit “disruptions in penny........

© The Hill