S.1525

Common Cents Act: Stops minting one-cent coins and rounds cash transactions to nearest 5 cents.

The Common Cents Act directs the Secretary of the Treasury to cease minting one-cent coins within a year of enactment, except for numismatic collectors. It mandates rounding cash transactions to the nearest five cents, rounding down if the amount ends in 1, 2, 6, or 7 cents, and rounding up if it ends in 3, 4, 8, or 9 cents. Exceptions apply to transactions totaling $0.01 or $0.02, and those made by instruments other than cash. Despite these changes, one-cent coins remain legal tender.