Penny's End: US Mint Stops Producing One-Cent Coin

November twelfth marked the end of an era as the U.S. Mint ceased production of the penny, a staple for over two centuries. The final pennies were struck in Philadelphia, where production began in 1793. The move saves taxpayers fifty-six million dollars, as the cost of producing a penny now exceeds four cents. Despite its demise, billions of pennies remain in circulation. President Trump ordered the pennys end due to rising costs and its near-worthless value. The last U.S. coin to be discontinued was the half-cent in 1857. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.