US Mint to cease penny production amid phaseout
TL;DR
The US Mint in Philadelphia is producing its last circulating penny due to the cost of production exceeding its value, with the phase-out expected to save the government $56 million annually, reflecting changing economic and technological landscapes.
- US Mint in Philadelphia to press final penny as the 1-cent coin gets canceled AP News
- The last-ever penny will be minted today in Philadelphia CNN
- US Mint to strike last penny as Trump’s phaseout rattles retailers Politico
- Production of American penny coins is about to end The Economist
- Pennies are being canceled and the US Mint won't make any more. What does that mean? USA Today
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