US Ends Penny Production: What to Know

US Ends Penny Production: What to Know
A pile of U.S. pennies, in this photo illustration in Washington on Feb. 10, 2025. Saul Loeb/AFP via Getty Images
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The United States Mint discontinued the penny on Nov. 12, bringing an end to the 1-cent coin that had been produced since the 1700s.

The least valuable piece of U.S. currency had become the most expensive one to produce, costing more than three times the coin’s face value. As the Trump administration takes measures to cut costs, concerns arise about potential currency shortages and the effects on cash transactions across the country.