Story perspectives

U.S. Ends Penny Production, Saves $56 Million Annually

12/3/2025

Summary

Story summary

U.S. Treasury suspended penny production November 12, 2025, ending a 232-year tradition.
The move is expected to save about $56 million annually by reducing costs.
Retailers are rounding cash transactions as Kwik Trip and Five Below implement rounding policies.
Wells Fargo will continue to provide exact change until penny supplies run out.
The U.S. Mint estimates 300 billion pennies remain in circulation, raising concerns for small businesses and cash users.

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Story summary

U.S. Treasury suspended penny production November 12, 2025, ending a 232-year tradition.
The move is expected to save about $56 million annually by reducing costs.
Retailers are rounding cash transactions as Kwik Trip and Five Below implement rounding policies.
Wells Fargo will continue to provide exact change until penny supplies run out.
The U.S. Mint estimates 300 billion pennies remain in circulation, raising concerns for small businesses and cash users.