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Farewell to the Penny: US Treasury Ends Production of One Cent Coin After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

UPDATED: May 22, 2025 at 3:42 PM EDT The U.S. Mint Thursday said it has ordered the last batch of pennies after President Trump ordered the elimination of the little-loved one-cent coin.

The one-cent coin currently costs the government 3.69 cents to make. Halting penny production is expected to save taxpayers $56 million annually.

The Mint, which has made the coin since 1793, lost $85.3mn last year on producing the penny after unit costs rose by 20.2 per cent owing to the price of copper and zinc rising.