On Wednesday, November 12, 2025, the U.S. mint in Philadelphia struck it’s last-ever-penny. The move comes following a Presidential order. Every penny made costs 4 cents to make, costing the American taxpayer millions of dollars each year. In February, the President wrote “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!”
US Mint in Philadelphia to press final penny as the 1-cent coin gets canceled – ABC News
PHILADELPHIA — Back in 1793, a penny could get you a biscuit, a candle or a piece of candy. These days, many sit in drawers or glass jars and are basically cast aside or collected as lucky keepsakes.
But their luck is about to run out.
The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday as the president has canceled the 1-cent coin as the cost of making them became more than their value.
President Donald Trump has ordered its demise as costs climb to nearly 4 cents per penny and the 1-cent valuation becomes somewhat obsolete.