Back to today’s briefing

Story perspectives

U.S. Ends Penny Production, Could Save $56 Million

5/25/2025

34 4

Summary

Story summary

The U.S. Treasury will cease penny production due to costs exceeding 3.69 cents each.
This decision could save $56 million annually in material expenses.
Around 114 billion pennies are in circulation but are rarely used.
Congress may make this cessation permanent, though previous attempts have failed.
Critics caution that eliminating the penny may boost nickel demand, which costs nearly 14 cents to produce.

1 of 1

Story summary

The U.S. Treasury will cease penny production due to costs exceeding 3.69 cents each.
This decision could save $56 million annually in material expenses.
Around 114 billion pennies are in circulation but are rarely used.
Congress may make this cessation permanent, though previous attempts have failed.
Critics caution that eliminating the penny may boost nickel demand, which costs nearly 14 cents to produce.