The penny, officially known as the cent, is a coin in the United States representing one-hundredth of a dollar. It has been the lowest face-value physical unit of U.S. currency since the abolition of the half …

Dec 17, 2025 · The U.S. Treasury Department has stopped producing pennies. U.S. Treasurer Brandon Beach struck the final circulating penny on Nov. 12 at the Philadelphia U.S. Mint facility after …

Nov 12, 2025 · Nothing could be bought any more with a penny, not even penny candy. Moreover, the cost to mint the penny had risen to more than 3 cents, a financial absurdity that doomed the coin.

Nov 12, 2025 · The penny was one of the first coins produced by the U.S. Mint, authorized under the Coinage Act of 1792. Original design: A large copper coin featuring a woman with flowing hair …

15 hours ago · Why is penny production being suspended? Over the past 10 years, the total production cost of the penny has risen from 1.3 cents to 3.69 cents per penny. These production costs include …

Feb 10, 2025 · There are currently 114 billion pennies in circulation, or $1.14 billion, or 0.006% of U.S. money, and economists say the impact should be minimal, and it could take decades for the …

Nov 12, 2025 · The size and design of the penny has varied over the years, as well as the exact combination of materials used to create the currency, according to the U.S. Mint.

Jun 24, 2025 · In 2025, President Trump announced that he was ordering the Secretary of the Treasury to stop making pennies. In the 119th Congress (2025-2026), legislation has been introduced to …

Why the Penny is Being Retired Producing a penny costs significantly more than one cent. Recent estimates put per‑coin costs around 3.69 cents, creating annual losses for the government and …

Dec 16, 2025 · Auction bidders spent top dollar for some of the final pennies to be circulated in the U.S. before the government ended the cent’s production. The U.S.