On Nov. 12, the U.S. Mint in Philadelphia concluded production of the 1-cent coin, which is more than 200 years old, per the Associated Press. The discontinuation of the penny comes nearly nine months after President Donald Trump ordered the Treasury Department to halt production of the coin in February 2025, per USA Today.

The penny dropped. The U.S. Mint struck the final 1-cent coin that will be used as legal tender on Wednesday, six months after the Trump administration announced that it would stop producing pennies because the cost of making them is almost four times more than they’re worth.

One penny costs 3.7 cents to make, according to the latest 2024 U.S. Mint Annual Report. That is about 270% more than they are worth.

The U.S. Mint in Philadelphia is set to press its final penny on Wednesday in accordance with the Trump administration’s February directive ending production for the 1-cent coin.  As the penny

Even though the U.S. Mint has quit making pennies, they remain legal to use. And you can still get them or deposit them at the bank.

Penny production will stop next year. NPR's Ayesha Rascoe talks to Wake Forest Economics Professor Robert Whaples about the penny shortage already hitting some businesses.

WASHINGTON — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. "For far too long the United States has minted pennies which literally cost us more than ...