US Mint Moves Forward With Plans to Kill Penny
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The federal government made its final order of penny blanks this month — the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.
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Amazon S3 on MSNU.S. Mint to End Penny Production Under Trump’s Cost-Cutting DirectiveThe U.S. Treasury Department confirmed Thursday it will phase out production of the penny, fulfilling Trump’s directive to stop minting the one-cent coin. A Treasury spokesperson said the Mint placed its final order for penny blanks this month and will continue production until supplies are depleted,
The U.S. Mint on Thursday said it has ordered the last batch of pennies after President Donald Trump ordered the elimination of the little-loved one-cent coin.
Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
Artazn Zinc is has a factory in Greene County. They are the nation’s sole manufacturer of penny blanks. “The importance of Artazn to our community cannot be overstated,” said Greene Co. Mayor Kevin Morrison. “This company provides high-quality manufacturing jobs and supports a skilled workforce, not just in Greene County but throughout the region.”
Everything is making less cents. The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year — marking the beginning of the end ...
“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at NerdWallet. Both NerdWallet and Bankrate offer tip sheets on exchanging coins for cash. Most banks will take an account holder's coins for free, Bankrate reports, but not all, and you may need to roll the coins yourself.
The United States Mint is ready to launch the next $1 coin in its American Innovation series, honoring NASA's retired space shuttle.
The U.S. Mint took top honors in "Best Circulating Coin" at the 2025 Mint Directors Conference for the work on the Jovita Idár issue in the American Women quarter dollar series.