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Trump's Treasury Department is saying so long to penny
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The penny’s run is coming to an end. First minted in 1792, it has been in circulation constantly. It wll be sunseted next year. Afterward, things that cost a penny must “round up” or “round down” to a nickel.
By stopping the one-cent coin’s production, one official says the Treasury expects an immediate annual savings of $56 million in reduced material costs.
Everything is making less cents. The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year — marking the beginning of the end for one of the oldest continually printed money pieces in America,
The federal government made its final order of penny blanks this month — the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.
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With the penny going away, what should you do with the ones in your coin jar?Are your old pennies worth millions? Experts say you shouldn't bank on it. However, some wheat pennies could be worth hundreds; here's how to find out.
The federal agency placed its final order for penny blanks this month, with the United States Mint slated to end manufacturing of the penny when that runs out, a Treasury official told CBS MoneyWatch.
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
The U.S. Mint took top honors in "Best Circulating Coin" at the 2025 Mint Directors Conference for the work on the Jovita Idár issue in the American Women quarter dollar series.