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US Ends Penny Production After 232 Years
The United States has officially ended the production of the one-cent coin, with the final penny struck at the U.S. Mint in Philadelphia on November 12, 2025. This decision, following a directive from President Donald Trump in February, aims to cut government spending as the coin cost nearly four cents to produce.
Key Details
Final Production Date: The last circulating penny was produced on November 12, 2025, ending a production run of 232 years that began with the Coinage Act of 1792.
Reason for Termination: The primary driver was financial; each penny cost the U.S. Mint approximately 3.7 cents to manufacture in fiscal year 2024, resulting in an $85.3 million loss for the year. The move is expected to save taxpayers around $56 million annually.
Legal Tender Status: Existing pennies will remain legal tender and retain their value indefinitely. There are an estimated 300 billion pennies already in circulation, which the Treasury Department believes is far more than necessary for commerce.
Impact on Transactions: Some retailers have started experiencing penny shortages and, without specific government guidance, have begun rounding cash transactions to the nearest five cents, a practice seen in other countries like Canada and Australia when they phased out their low-denomination coins.
The public is encouraged to recirculate their stored pennies by using them for purchases or depositing them at banks to ease localized supply issues.
#Penny #USMint #coin #GovernmentTransparency #HistoryMade
The United States has officially ended the production of the one-cent coin, with the final penny struck at the U.S. Mint in Philadelphia on November 12, 2025. This decision, following a directive from President Donald Trump in February, aims to cut government spending as the coin cost nearly four cents to produce.
Key Details
Final Production Date: The last circulating penny was produced on November 12, 2025, ending a production run of 232 years that began with the Coinage Act of 1792.
Reason for Termination: The primary driver was financial; each penny cost the U.S. Mint approximately 3.7 cents to manufacture in fiscal year 2024, resulting in an $85.3 million loss for the year. The move is expected to save taxpayers around $56 million annually.
Legal Tender Status: Existing pennies will remain legal tender and retain their value indefinitely. There are an estimated 300 billion pennies already in circulation, which the Treasury Department believes is far more than necessary for commerce.
Impact on Transactions: Some retailers have started experiencing penny shortages and, without specific government guidance, have begun rounding cash transactions to the nearest five cents, a practice seen in other countries like Canada and Australia when they phased out their low-denomination coins.
The public is encouraged to recirculate their stored pennies by using them for purchases or depositing them at banks to ease localized supply issues.
#Penny #USMint #coin #GovernmentTransparency #HistoryMade
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You guys are still loosing your hard earned money to be a #millionaire , You will have have no #Penny if you have wrong direction and selection .
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Price: $0.0002396
24H Change: +954%
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Crypto Alert: $PENNY Just Exploded +954% in 24H!
🪙
Price: $0.0002396
24H Change: +954%
📈
Market Cap: Micro-cap frenzy The nostalgic meme coin $PENNY/SOL is ripping higher on wild hype around "obsolete money" vibes amid inflation talks. Traders piling in for quick flips, but watch for volatility—pure sentiment play! Is this the next meme moonshot? DYOR & trade safe. NFA. #Crypto #MemeCoins #PENNY #Solana $SOL $MEME
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