The U.S. Mint in Philadelphia produced the final pennies on Nov. 12, 2025. While you will still be able to offer someone a penny for their thoughts, these coins will hold far more sentimental than tangible value.
The penny was first created in 1787, and the U.S. Mint began producing them in 1793 after Congress passed the Coinage Act of 1792. Over the past decade, the cost of penny production has risen from 1.42 cents to approximately 3.69 cents. With the value of a penny being somewhat obsolete in the United States economy, U.S. Treasurer Brandon Beach finally declared that it no longer makes sense to continue producing them. Pennies will remain legal tender, but no more pennies will be made. This act will save American taxpayers an estimated $56 million in annual taxes.
Some businesses have rounded down costs to the nearest five cents to avoid returning short change to customers, while others have posted signs asking customers for exact change. For those paying with credit or debit cards, prices will remain exactly the same.
The price of producing other coins are rising as well; the nickel costs approximately 13.78 cents, the dime costs approximately 5.76 cents and the quarter costs approximately 14.68 cents. Which coin will be the next to be discontinued?
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