United States Mint Concludes Production of Circulating One-Cent Penny Coin

National News - The United States Mint held a ceremonial event on November 12, 2025, at its Philadelphia facility to mark the end of production for the circulating one-cent coin, commonly known as the penny. During the event, United States Treasurer Brandon Beach performed the ceremonial final strike of the coin. This concludes the penny's 232-year history as a circulating coin in the United States.

Acting Mint Director Kristie McNally commented on the occasion. "Today the Mint celebrates 232 years of penny manufacturing," said McNally. "While general production concludes today, the penny's legacy lives on. As its usage in commerce continues to evolve, its significance in America's story will endure."

The penny was first authorized under the Coinage Act of 1792 and has been a part of daily American life since the nation's early economic history. However, the decision to cease production was influenced by economic factors and changes in consumer habits. The cost to produce a single penny has increased significantly, rising from 1.42 cents to 3.69 cents over the last decade, making its continued manufacturing unsustainable.

Although production for general circulation has stopped, the penny remains legal tender. An estimated 300 billion pennies are currently in circulation, which is sufficient for commercial needs.

Businesses and retailers may continue to price goods and services in one-cent increments.