U.S. Mint says it's stopping penny production

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U.S. Mint says it's stopping penny production

//travel-leisure.news-articles.net/content/2025/ .. -s-mint-says-it-s-stopping-penny-production.html

Published in Travel and Leisure on Friday, May 23rd 2025 at 2:06 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The mint said its most recent order of penny blanks will be its last.

- Click to Lock Slider

The U.S. Mint has announced that its most recent order of penny blanks, placed in May 2025, will be its last, signaling the end of penny production due to rising production costs and the coin's diminishing purchasing power. The decision comes after years of debate over the penny's utility, with the cost to produce a penny now exceeding its face value. The Mint will continue to use existing penny blanks until they are depleted, after which it will cease production of new pennies. This move is expected to save the government millions annually and reflects a broader shift towards a more cost-effective currency system. The public will still be able to use existing pennies, but as they wear out or are lost, their circulation will naturally decrease.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/22/u-s-mint-says-its-most-recent-order-of-penny-blanks-will-be-its-last/ ]

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U.S. Mint says it's stopping penny production