US EditionUS ends penny-making run after more than 230 years
The U.S. Mint ended the penny after 232 years as production costs rose to nearly 4 cents each, saving the Treasury $56 million annually, officials said.
- On Wednesday, the U.S. Mint in Philadelphia struck the final 1-cent coin as Treasury Secretary Scott Bessent and U.S. Treasurer Brandon Beach attended the ceremonial punch.
- President Donald Trump ordered the Treasury to stop minting pennies earlier this year, citing the cost per penny of 3.69 cents, which exceeds the coin's face value.
- As coin terminals close, Federal Reserve coin terminal facilities largely stopped taking pennies, and retailers report shortages forcing rounding of cash transactions despite 250 billion pennies in circulation.
- The Treasury Department estimates ending penny production will save taxpayers about $56 million annually, while officials emphasize pennies as legal tender will keep their value indefinitely.
- Attention now turns to the nickel, which costs nearly 14 cents to make and could impact shoppers more if retired, while at least 10 states prohibit rounding to the nearest nickel, raising compliance risks for Congress and lawmakers.
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Who wins and who loses as the US retires the penny
By now, Americans know the strange math of minting: Each penny costs about 4 cents to make. Chances are you have some in a jar, or scattered among pockets, purses and car ashtrays. This story was first published in The Conversation As small as it is, the penny punches above its weight culturally. If it ever disappeared, so too might the simple kindness of “take a penny, leave a penny,” alongside timeless classics like penn…
End of the penny is a sign of the times, local coin collectors and dealers say
FARGO — If we stop to pick them up, they’re supposed to give us good luck, but someday, there may be fewer of them to do so. The federal government has stopped minting the one-cent coin, or penny, ending 232 years of its production in the United States. The Philadelphia Mint struck the final five circulating one-cent coins in mid-November, months after President Donald Trump ordered an end to penny production. The Treasury said changing consume…
U.S. Mint produces the final penny
by WorldTribune Staff, November 14, 2025 Real World News Pennies have been around for over 230 years, and there are still billions of them in circulation. But no more will be minted. The U.S. Mint in Philadelphia on Wednesday produced the last one-cent coin. In February, President Donald Trump announced plans to stop producing pennies, […]
U.S. presses final penny as production ends after more than 230 years - Asian Journal News
Trump administration halts one-cent coin to cut costs; pennies remain legal tender PHILADELPHIA / WASHINGTON – The United States has minted its final penny, ending more than two centuries of continuous production of the country’s smallest and most familiar coin. Inside the U.S. Mint in Philadelphia on Wednesday, November 12, U.S. Treasurer Brandon Beach pressed the last five circulating one-cent coins, closing a…
Iowans react to the penny phase out
DES MOINES, Iowa -- The last penny was produced in Pennsylvania on Wednesday, ending production of the one cent coins after more than 230 years. When the penny was introduced in 1793, you could buy cheese, bread, a biscuit or a candle with one, but now they’re almost worthless. Federal officials say it costs $0.04 [...]
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