Why Did the U.S. Stop Making Pennies? Here's What You Need to Know About the End of the 1-Cent Coin
The production of the U.S. penny has officially halted, with the last penny stamped on Nov. 12. Here's everything to know about why the U.S. stopped making pennies.
It's curtains for the penny after more than two centuries in circulation
The penny dropped. The U.S. Mint struck the final 1-cent coin that will be used as legal tender on Wednesday, six months after the Trump administration announced that it would stop producing pennies because the cost of making them is almost four times more than they’re worth.
US Mint pressed the last penny Wednesday. Here's how much it costs to make
One penny costs 3.7 cents to make, according to the latest 2024 U.S. Mint Annual Report. That is about 270% more than they are worth.
Are banks running out of pennies? What to know now that US Mint isn't making cents
Even though the U.S. Mint has quit making pennies, they remain legal to use. And you can still get them or deposit them at the bank.
US Mint in Philadelphia set to press final penny
The U.S. Mint in Philadelphia is set to press its final penny on Wednesday in accordance with the Trump administration’s February directive ending production for the 1-cent coin.  As the penny
The US will stop making pennies next year. Cash-only businesses are already affected
Penny production will stop next year. NPR's Ayesha Rascoe talks to Wake Forest Economics Professor Robert Whaples about the penny shortage already hitting some businesses.
News 8000
Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
WASHINGTON — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. "For far too long the United States has minted pennies which literally cost us more than ...
A penny short: US mints final 1-cent coins after over 230 years in circulation
The final penny was minted on Wednesday at the Philadelphia Mint after over 230 years in circulation as a useful coin flip device, a vehicle to cast wishes into lucky ponds and the smallest form of U.S. currency.
Feedback