Penny's End: US Treasury Halts Production
Update: 2025-11-12
Description
November twelfth marks the end of an era as the U.S. Treasury Department announces the final production of the one-cent coin, or penny, at the Philadelphia Mint. This decision, following President Trumps directive, is due to rising production costs and changing consumer habits. The penny now costs nearly four cents to produce, and many view it as a nuisance. The U.S. joins other countries like Canada and Australia in phasing out their lowest-value coins. While cash transactions will be rounded, electronic payments will remain exact. The Mint will continue to produce collector versions of the penny.
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