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BumRushDaShow

(163,177 posts)
Wed Nov 12, 2025, 01:16 PM 11 hrs ago

US Mint in Philadelphia set to press final penny

Source: The Hill

11/12/25 12:53 PM ET


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 slowly runs out of circulation, businesses will have to round up or down prices to the nearest five cents to provide customers change. However, the Treasury Department expects to save $56 million per year on materials by ceasing to produce pennies, according to The Associated Press.

“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” Trump wrote in a Truth Social post earlier this year.

A penny costs roughly 3.69 cents to make. Earlier this year, Sens. Jeff Merkley (D-Ore.) and Mike Lee (R-Utah) introduced a bipartisan bill to halt penny production.

Read more: https://thehill.com/homenews/administration/5602167-us-mint-ends-penny-production/

15 replies = new reply since forum marked as read
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US Mint in Philadelphia set to press final penny (Original Post) BumRushDaShow 11 hrs ago OP
What shall I do with all the pennies I've been saving over the years? How long will they remain legal tender? QueerDuck 11 hrs ago #1
Well, these are pretty but might take more pennies than you have... woodsprite 10 hrs ago #7
OMG... that's BEAUTIFUL!! I love it!! QueerDuck 9 hrs ago #8
Those are gorgeous 😍 Luciferous 6 hrs ago #13
I would think if they were not legal tender BWdem4life 8 hrs ago #9
That's what I was thinking too. QueerDuck 8 hrs ago #10
Inflation EuterpeThelo 11 hrs ago #2
Every time it rains, it rains, nickels from heaven. LudwigPastorius 10 hrs ago #6
Save even more by getting rid of the nickel Old Crank 11 hrs ago #3
Paper dollars should be phased out for coins MaineBlueBear 10 hrs ago #4
They have tried $1 coins multiple times BumRushDaShow 7 hrs ago #12
But we have never tried discontinuing the paper dollar MaineBlueBear 3 hrs ago #14
One area grocer was giving 2 cents store credit for every penny. Banks could do the same thing. twodogsbarking 10 hrs ago #5
40B for Argentina, but not a few Deminpenn 7 hrs ago #11
So we're save a couple of Trump golf outings. rickford66 23 min ago #15

QueerDuck

(595 posts)
1. What shall I do with all the pennies I've been saving over the years? How long will they remain legal tender?
Wed Nov 12, 2025, 01:32 PM
11 hrs ago

Or will they be devalued right away and become little more than decorative collector items?

woodsprite

(12,522 posts)
7. Well, these are pretty but might take more pennies than you have...
Wed Nov 12, 2025, 02:58 PM
10 hrs ago
?crop=1xw:1xh;center,top&resize=640 https://prestigehaus.com/blog/post/penny-bar-countertop?srsltid=AfmBOopVPT-FxscLv9nRVfmB6qUMnO4-8244fMldnilFb2l-qOypJxD8



Pinterest shows a lot of floors, tables, and countertops. I'd have to do one with random placement. I'd probably get a pattern all finished then realize I messed up counting, which is the same reason I don't do big cross stitch projects

BWdem4life

(2,851 posts)
9. I would think if they were not legal tender
Wed Nov 12, 2025, 04:55 PM
8 hrs ago

they could be sold as scrap metal. Zinc and copper are more valuable than the actual penny.

QueerDuck

(595 posts)
10. That's what I was thinking too.
Wed Nov 12, 2025, 05:10 PM
8 hrs ago

I wonder (I'm sure I could find it online) if the US is the last country to discontinue its "penny" (and equivalent) coin.

I wish our dollar coin was smaller... making it more useful (but a frog wishes it had wings... so that's not going to happen).

LudwigPastorius

(13,780 posts)
6. Every time it rains, it rains, nickels from heaven.
Wed Nov 12, 2025, 02:28 PM
10 hrs ago

Nickel Lane is in my ears and in my eyes...

Old Crank

(6,402 posts)
3. Save even more by getting rid of the nickel
Wed Nov 12, 2025, 01:56 PM
11 hrs ago

They cost nearly 14 cents each.

Here in Europe we have 1 cent, 2, 5, 10, 20, 50 cent coins. Plus the 1 and 2 euro coins.
The smallest bill is a 5.

MaineBlueBear

(383 posts)
4. Paper dollars should be phased out for coins
Wed Nov 12, 2025, 02:16 PM
10 hrs ago

if they really want to save money.

We are one of the few nations that issue paper currency for their base denomination.

BumRushDaShow

(163,177 posts)
12. They have tried $1 coins multiple times
Wed Nov 12, 2025, 06:01 PM
7 hrs ago

and the public generally rejected them (they were used quite a bit in vending machines - I know here in Philly a bunch of years ago, that is what was given out in change from many of the parking lot kiosks) - probably because the size was too close to that of a quarter.

MaineBlueBear

(383 posts)
14. But we have never tried discontinuing the paper dollar
Wed Nov 12, 2025, 09:43 PM
3 hrs ago

And launching a dollar coin at the same time like they did in Canada in the late 80's.



twodogsbarking

(16,654 posts)
5. One area grocer was giving 2 cents store credit for every penny. Banks could do the same thing.
Wed Nov 12, 2025, 02:19 PM
10 hrs ago

While it may have cost 4 cents to produce a penny they were used thousands of times. Divide 4 cents by the number of times used and the number is far right of the decimal.

Deminpenn

(17,154 posts)
11. 40B for Argentina, but not a few
Wed Nov 12, 2025, 05:55 PM
7 hrs ago

M to mint pennies. Talk about being pennywise and pound foolish.

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