The US is stopping penny production because it costs nearly 4 cents to make each one—time to ditch the smallest coin. Pence, former VP, is no longer in office.
The US Mint produced its final penny on Wednesday, ending 232 years of coinage. The move aims to save costs, as pennies now cost more to produce than their face value. Existing coins remain in circulation, but future production has ceased following bipartisan support and government cost-saving measures.