Story perspectives
U.S. to End Penny Production by 2026 Amid Cashless Shift
6/4/2025
48 10
1 of 1
Story summary
- The U.S. plans to cease penny production by early 2026, with the last order in May.
- While existing pennies remain legal tender, retailers can round prices to the nearest nickel.
- Each penny costs 3.7 cents to produce, resulting in government financial losses.
- Approximately 114 billion pennies circulate, constituting 0.006% of total currency.
- This decision aims to reduce costs amid a growing trend towards cashless transactions.
