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 administrations 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. Lets rip the waste out of our great nations budget, even if its 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/
QueerDuck
(595 posts)Or will they be devalued right away and become little more than decorative collector items?
woodsprite
(12,522 posts)
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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
QueerDuck
(595 posts)Thank you for finding and sharing that!
Luciferous
(6,521 posts)BWdem4life
(2,851 posts)they could be sold as scrap metal. Zinc and copper are more valuable than the actual penny.
QueerDuck
(595 posts)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).
EuterpeThelo
(111 posts)Now it will have to be at least a nickel for your thoughts.
LudwigPastorius
(13,780 posts)Nickel Lane is in my ears and in my eyes...
Old Crank
(6,402 posts)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)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)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)And launching a dollar coin at the same time like they did in Canada in the late 80's.
twodogsbarking
(16,654 posts)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)M to mint pennies. Talk about being pennywise and pound foolish.