The United States Mint discontinued the penny on Nov. 12, bringing an end to the 1-cent coin that had been produced since the 1700s.
The least valuable piece of U.S. currency had become the most expensive one to produce, costing more than three times the coin’s face value. As the Trump administration takes measures to cut costs, concerns arise about potential currency shortages and the effects on cash transactions across the country.
Here’s what to know:
Costly Penny Production Ends
Treasury Secretary Scott Bessent and Treasurer Brandon Beach visited a Philadelphia mint on Nov. 12 to oversee the production of the final U.S. penny in a special ceremony to commemorate its more-than-230-year distribution run….
US Ends Penny Production: What to Know
