Mint orders last batch of pennies
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The penny’s run is coming to an end. First minted in 1792, it has been in circulation constantly. It wll be sunseted next year. Afterward, things that cost a penny must “round up” or “round down” to a nickel.
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Money Talks News on MSNU.S. Mint Places Final Penny Order As Production Winds DownAfter more than two hundred years, the humble one-cent piece is on its way out due to production costs that significantly exceed its face value.
The federal agency placed its final order for penny blanks this month, with the United States Mint slated to end manufacturing of the penny when that runs out, a Treasury official told CBS MoneyWatch.
The federal government made its final order of penny blanks this month — the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.
The United States Mint is ready to launch the next $1 coin in its American Innovation series, honoring NASA's retired space shuttle.
The penny coin is getting phased out, a cost-cutting move that could ripple through consumer behavior, retailers' pricing strategies and cash transactions. Why it matters: It'll be harder to make sense out of cents and get exact change after the one-cent coin's upcoming demise.
The U.S. Mint took top honors in "Best Circulating Coin" at the 2025 Mint Directors Conference for the work on the Jovita Idár issue in the American Women quarter dollar series.