By Andrea Shalal
Reuters
Wednesday, November 12, 2025
PHILADELPHIA -- U.S. Treasurer Brandon Beach visited the Philadelphia Mint today to strike the final five circulating one-cent coins or pennies, ending 232 years of penny production in the United States.
President Donald Trump said in February he was ordering Treasury to halt what he called the "wasteful" minting of pennies, prompting gas stations, fast-food chains, and big-box stores to adjust prices and round cash transactions.
... Dispatch continues below ...
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Treasury said rising production costs and rapidly changing consumer habits and technology had made production of pennies "financially untenable" and unnecessary, noting that it costs 3.69 cents to make each penny, up from 1.42 cents a decade ago.
Production of circulating pennies was suspended months ago, Mint officials said, but an unspecified number of additional one-cent coins -- marked with an Omega symbol to signify the last of their kind -- were made to be auctioned off in December. ...
... For the remainder of the report:
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