Why the U.S. Penny Was Discontinued
In early 2025, the government confirmed that the penny's long run was coming to an end. The announcement went public on February 9, 2025, when President Donald Trump told the Treasury Secretary to stop producing new pennies for circulation after the year, following rising costs over the past decade. The expense of making a single penny had climbed from 1.42 cents to 3.69 cents, three times its face value.
Then, in May 2025, the Treasury shared that the Mint had ordered its last penny blanks (the discs used to strike coins). Once the blanks were exhausted, no more would be ordered, signaling the end of the one-cent coin. On November 12, 2025, the Philadelphia Mint hosted a small ceremony to strike the last penny made for circulation, marking the end of more than two centuries of issuance.
Although the penny will no longer be made for everyday spending, the Mint plans to continue issuing collector-only versions, so the tradition and history of the penny do not disappear completely.