The Penny's Last Stand: US Treasury Ends Production of Iconic Coin

The End of the Penny: US Treasury Halts Production of 1-Cent Coin The United States Treasury Department recently placed its final order for blank pennies, signaling the end of an era for the iconic 1-cent coin. This decision, driven by the increasing cost of producing pennies exceeding their actual value, has sparked discussions about the future of small-denomination currency. The last batch of pennies will be minted and released into circulation next year. "The cost of producing a penny now exceeds its value," said a Treasury official, highlighting the economic rationale behind the decision. This makes the production of pennies unsustainable, and the move is intended to save taxpayer money. The video shows a pile of pennies, highlighting the sheer volume of these coins in circulation. The decision to stop production wasn't sudden; President Trump had previously ordered an end to penny production earlier this year. This decision marks a significant shift in US monetary policy and raises questions about the potential for other small-denomination coins to face similar fates. The end of the penny is a symbolic moment, representing the changing dynamics of the US economy and the challenges of maintaining the value of small-denomination coins.