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U.S. Halts Penny Production Amid Rising Costs

12/16/2025

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Story summary
  • The United States Treasury Department halted penny production.
  • The decision was made by U.S. President Donald Trump due to rising costs.
  • The last penny was struck on November 12, 2025.
  • The cost to produce each penny rose from 1.42 cents to 3.69 cents.
  • About 300 billion pennies remain in circulation as legal tender.