US EditionUS ends penny-making run after more than 230 years
- 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.
241 Articles
241 Articles
The American one-cent coin consists mainly of copper and zinc – and costs about four cents in production. Now the US Mint has minted the last penny. However, they don't come in payments.
The Penny Is Officially Dead - Real News Now
The penny’s 232-year run has officially come to an end. On Wednesday, the U.S. Mint produced its final one-cent coin at its Philadelphia facility, marking the quiet but historic conclusion of an American currency icon. The last penny was struck by U.S. Treasurer Brandon Beach, bringing to a close a chapter that began in 1793. “While general production concludes today, the penny’s legacy lives on,” said Kristie McNally, Acting Mint Director. “As …
U.S. mints final pennies after 232 years of production | Honolulu Star-Advertiser
PHILADELPHIA >> U.S. Treasurer Brandon Beach visited the Philadelphia Mint today to strike the final five circulating one-cent coins or pennies, ending 232 years of penny production in the United States.
kreiszeitung.de
After more than 230 years, no new 1 cent coins will be put into circulation – they are simply too expensive.
What will companies do without pennies? We asked McDonald's, Wendy's, Kroger and other top retailers.
The U.S. Mint in Philadelphia pressed its last circulating penny on Wednesday, after President Trump earlier this year directed the Treasury to stop minting new one-cent coins.
NATIONAL (KTLO)--After 238 years, the United States will be minting its last penny today. The one-cent coin is being retired. The last penny is expected to be minted this afternoon in Philadelphia. Earlier this year, President Donald Trump announced that he had ordered the nation to end the production of this penny, noting that it cost 4 cents to produce each one. Other coins, such as the 5, 10, and 25 cent pieces, will remain in circulation. So…
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