Penny's Last Stand: US Mint Stops Producing Cents

On November twelfth, the United States Mint in Philadelphia struck its final circulating penny, marking the end of an era for the one-cent coin. The decision to discontinue the penny comes as its production cost exceeds its face value, with each penny now costing nearly four cents to manufacture. This move, ordered by President Donald Trump, has sparked a range of reactions, from nostalgia to concerns from retailers. The Treasury Department expects to save fifty-six million dollars annually by ceasing penny production, highlighting a broader issue within coin manufacturing. 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.