After 232 Years, U.S. Strikes Final Pennies as Production Ends

Overview

• The U.S. Mint in Philadelphia struck a ceremonial last batch on Nov. 12 overseen by Treasurer Brandon Beach, with Treasury Secretary Scott Bessent in attendance.
• Officials said suspending minting avoids per-coin costs above one cent and is projected to save about $56 million annually.
• Pennies remain legal tender and will continue to circulate, with large national inventories even as some retailers report localized shortages.
• Retail groups are asking for federal guidance and possible congressional action on cash-rounding and program rules as stores confront coin scarcity.
• The final pieces will be auctioned for collectors and future issues will be limited to numismatic runs, with proceeds directed to the Mint’s fund and then the Treasury.