What's happened
The US Mint produced its last circulating penny on Nov 12, 2025, citing high costs and low value. The decision, ordered by President Trump, aims to save $56 million annually but has caused shortages and changes in retail transactions nationwide.
What's behind the headline?
The end of penny production marks a significant shift in US monetary policy and retail practices. The decision, driven by cost-saving motives, will likely accelerate the move toward cashless transactions, further marginalizing small-value coins. Retailers are already rounding prices and offering promotions to adapt, but this abrupt change without federal guidance risks legal complications and consumer dissatisfaction. The shortages highlight the logistical challenges of phasing out a coin that has been in circulation since 1793, and the move may set a precedent for other countries to reconsider their small coin policies. The long-term impact will depend on how quickly the industry adapts and whether new regulations are introduced to standardize rounding practices, potentially influencing consumer behavior and retail economics.
What the papers say
The articles from Business Insider UK, The Independent, NY Post, AP News, and others provide a comprehensive view of the penny's phase-out. They highlight the economic rationale, logistical challenges, and public reactions, with quotes from officials and industry representatives. Notably, President Trump’s role in ordering the end of production is emphasized, alongside concerns from retailers about shortages and legal issues. Contrasts between the official cost-saving narrative and the practical difficulties faced by businesses underscore the complexity of this policy shift. For example, Business Insider UK notes the US Mint's estimate of $56 million annual savings, while The Independent discusses the cultural significance of the penny and the nostalgia attached to it. The coverage collectively illustrates a pivotal moment in US monetary history, driven by economic efficiency but fraught with transitional challenges.
How we got here
The decision to cease penny production was announced earlier this year by President Trump, citing the high cost of nearly 4 cents per coin compared to its face value. The move follows decades of debate over the coin's utility, with other countries like Canada and Sweden having already phased out their small coins. The US Mint's last penny was minted in June 2025, and distribution has since been limited, leading to shortages and adjustments in cash handling practices across the country.
Go deeper
Common question
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Why Are Pennies in Short Supply in the US?
The US penny shortage has become a hot topic as coin production halts and retailers scramble to adapt. Many wonder why pennies are so hard to find right now and what it means for everyday shopping. Below, we explore the reasons behind the shortage, how businesses are coping, and what it could mean for your holiday shopping plans.
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Why Did the US Stop Producing Pennies and What Does It Mean?
The US has halted penny production following a decision by President Trump, leading to widespread coin shortages across the country. This change is affecting everyday transactions, small businesses, and consumers alike. Curious about why the penny was discontinued, how it impacts your daily life, and what the future holds? Keep reading for answers to these pressing questions and more about the ongoing shift in US currency.
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Why Are Pennies Disappearing from US Circulation?
The US penny is gradually vanishing from everyday transactions following the decision to stop minting new coins. This shift is causing changes in how cash transactions are handled across the country. Curious about why pennies are disappearing, how retailers are adjusting, and what it means for your shopping experience? Keep reading to find out everything you need to know about the US penny shortage and its impact.
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What Are the Economic and Social Effects of Removing Pennies from Circulation?
The decision to stop minting pennies has sparked widespread questions about its impact on the economy and everyday life. From how rounding affects consumers and businesses to what this means for the future of cash, many are wondering what changes lie ahead. Below, we explore the key questions and provide clear answers about this significant shift in currency policy.
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Why Are Pennies Disappearing in the US?
The US is experiencing a coin shortage as the government stops producing pennies. This change has led to widespread impacts on everyday cash transactions, with retailers and banks having to adapt quickly. Curious about why the penny is being phased out, how it affects your shopping, and what the future holds? Keep reading for answers to these common questions and more about the US penny shortage.
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