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U.S. Mint to End Penny Production After 232 Years

11/17/2025

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Summary

Story summary

U.S. Mint ends penny production on November 12, 2025, after 232 years, because production costs exceed the coin's value.
The last pennies were struck in Philadelphia, with about 300 billion still in circulation.
The decision, initiated by U.S. President Donald Trump in February 2025, aims to save about $56 million annually.
Economists say cash usage is falling, and the nickel could face elimination, though the change may take years.

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Story summary

U.S. Mint ends penny production on November 12, 2025, after 232 years, because production costs exceed the coin's value.
The last pennies were struck in Philadelphia, with about 300 billion still in circulation.
The decision, initiated by U.S. President Donald Trump in February 2025, aims to save about $56 million annually.
Economists say cash usage is falling, and the nickel could face elimination, though the change may take years.