US Mint in Philadelphia set to press final penny [View all]
Source: The Hill
11/12/25 12:53 PM ET
The U.S. Mint in Philadelphia is set to press its final penny on Wednesday in accordance with the Trump administration’s February directive ending production for the 1-cent coin.
As the penny slowly runs out of circulation, businesses will have to round up or down prices to the nearest five cents to provide customers change. However, the Treasury Department expects to save $56 million per year on materials by ceasing to produce pennies, according to The Associated Press.
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” Trump wrote in a Truth Social post earlier this year.
A penny costs roughly 3.69 cents to make. Earlier this year, Sens. Jeff Merkley (D-Ore.) and Mike Lee (R-Utah) introduced a bipartisan bill to halt penny production.
Read more: https://thehill.com/homenews/administration/5602167-us-mint-ends-penny-production/
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