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Makes no cents. Last US Penny being struck today
Posted on 11/12/25 at 9:32 am
Posted on 11/12/25 at 9:32 am
PHILADELPHIA — The United States plans to strike its last penny for circulation, part of an effort to retire the coin that has been used over 200 years and now costs more to produce than it is worth.
At an event on Wednesday, Nov. 12, U.S. Treasury Secretary Scott Bessent and U.S. Treasurer Brandon Beach will mark the striking of the "final circulating penny," the end of production for a coin that's been used since the 1790s. The Treasurer and Secretary are set to formally stamp the last circulating penny on Wednesday afternoon around 2 p.m.
While the penny "remains legal tender and will retain its value indefinitely," according to the Treasury Department, the humble one-cent coin will no longer be minted. There are currently an estimated 300 billion pennies in circulation — "far exceeding the amount needed for commerce," Treasury said in a statement.
At an event on Wednesday, Nov. 12, U.S. Treasury Secretary Scott Bessent and U.S. Treasurer Brandon Beach will mark the striking of the "final circulating penny," the end of production for a coin that's been used since the 1790s. The Treasurer and Secretary are set to formally stamp the last circulating penny on Wednesday afternoon around 2 p.m.
While the penny "remains legal tender and will retain its value indefinitely," according to the Treasury Department, the humble one-cent coin will no longer be minted. There are currently an estimated 300 billion pennies in circulation — "far exceeding the amount needed for commerce," Treasury said in a statement.
9
Posted on 11/12/25 at 9:33 am to ItzMe1972
quote:
There are currently an estimated 300 billion pennies in circulation
Wonder how many are arse pennies
Posted on 11/12/25 at 9:39 am to ItzMe1972
The dollar won’t be far behind at the rate our dysfunctional corrupt government prints money.
Posted on 11/12/25 at 9:40 am to ItzMe1972
Good thing I have an entire jar of them. Gonna be worth thousands.
Posted on 11/12/25 at 9:49 am to cubsfan5150
quote:
Gonna be worth thousands.
They're already appreciating. I saw a commercial the other day for a roll of 50 pennies for only $10.
Now I see they've doubled in price to $39.99 for two rolls:
They're extra shiny.
Posted on 11/12/25 at 9:50 am to cubsfan5150
Nickel next on the chopping block?
Posted on 11/12/25 at 9:51 am to CptEllerby277
quote:
Nickel next on the chopping block?
wouldn't give a plugged nickel for its chances
Posted on 11/12/25 at 9:58 am to CptEllerby277
quote:
Nickel next on the chopping block?
hopefully. Penny should've been cut loose 25 years ago. Now is right time for nickel.
I would have zero problem with rounding to nearest 10/c
Posted on 11/12/25 at 9:59 am to Turnblad85
quote:
I would have zero problem with rounding to nearest 10/c
subtle form of inflation
Posted on 11/12/25 at 10:01 am to Turnblad85
quote:
Now is right time for nickel.
It still only costs 5 cents in material to make a nickel, so I see no problem with it. It's over 3 cents a piece to make a penny, so there's no point in making them when we already have way more than enough in circulation.
Posted on 11/12/25 at 10:13 am to ItzMe1972
Now grocery stores will keep up ti 4 cents they owe you if you pay in cash.
Posted on 11/12/25 at 10:25 am to Jake88
quote:
Now grocery stores will keep up ti 4 cents they owe you if you pay in cash.
Right. and vice versa.
Buy just the right amount of shite and you could bilk the grocery store out of 4cents
Posted on 11/12/25 at 10:26 am to Styxion
Penny cost: Approximately 3.7 cents to produce in fiscal year 2024.
Nickel cost: Approximately 13.8 cents to produce in fiscal year 2024.
Financial implications: While the government has been losing money on pennies for a long time, the cost of a nickel has risen significantly due to raw material prices, creating a new financial problem if pennies were eliminated and more nickels were needed.
Nickel cost: Approximately 13.8 cents to produce in fiscal year 2024.
Financial implications: While the government has been losing money on pennies for a long time, the cost of a nickel has risen significantly due to raw material prices, creating a new financial problem if pennies were eliminated and more nickels were needed.
Posted on 11/12/25 at 10:29 am to cubsfan5150
I’ll be keeping mine.
Posted on 11/12/25 at 10:32 am to Turnblad85
quote:
I would have zero problem with rounding to nearest 10/c
Should only happen on cash transactions. No need to round when digital currency is involved.
Posted on 11/12/25 at 10:37 am to ItzMe1972
I always go get this fancy bread at a local market and the price comes to $5.09 so when I pay cash I give them $5.10 and say just keep it. I will now be stopping that practice
Posted on 11/12/25 at 11:04 am to ItzMe1972
Since Pennie’s will no longer be made, is the “idea” of a penny going away as well?
In other words, is everything in commerce going to be rounded up or down to the nearest 5 cents? Sales taxes are most often in increments of 1 cent. They are not going to cancel sales tax….is the minimum sales tax going up to 5 cents?
In other words, is everything in commerce going to be rounded up or down to the nearest 5 cents? Sales taxes are most often in increments of 1 cent. They are not going to cancel sales tax….is the minimum sales tax going up to 5 cents?
Posted on 11/12/25 at 11:22 am to ItzMe1972
I’m going to hold onto my last 2 cents and decline to comment
Posted on 11/12/25 at 11:56 am to ItzMe1972
So a penny for your thoughts will no longer be accepted?
Posted on 11/12/25 at 12:17 pm to Spankum
Of course not…that would require forethought and math.
You think your local convenience store is going to price where everything rounds out to 5 cents?
You think your local convenience store is going to price where everything rounds out to 5 cents?
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