U.S. Mint in Philadelphia to produce last penny as the 1-cent coin is discontinued
PHILADELPHIA — The U.S. Mint in Philadelphia is preparing to strike its last penny on Wednesday, following the president’s decision to discontinue the 1-cent coin. As production costs have ballooned to almost 4 cents per penny, making its worth somewhat outdated, President Donald Trump issued an order for its removal. The Mint has been creating […]
Philadelphia Mint to produce last penny as the 1-cent coin is discontinued
Penny Production Ends in the U.S. The U.S. Mint concluded its production of pennies on Wednesday, a decision driven by cost-saving measures and a recognition that these coins are becoming increasingly worthless compared to their past purchasing power. The final penny was minted at the Philadelphia Mint, the same location where pennies have been made […]
Philadelphia Mint to produce its last pennies as the coin is discontinued
Penny Production to End as Costs Rise PHILADELPHIA (AP) — The U.S. Mint in Philadelphia is preparing to produce its final penny Wednesday, following the president’s decision to eliminate the coin altogether. The cost of producing a penny has surged to nearly four cents, prompting President Donald Trump to order its discontinuation. Since 1793, the […]
Philadelphia Mint to produce last penny as the 1-cent coin is discontinued
Penny’s Last Stand: The End of an Era PHILADELPHIA — Remember back in 1793 when a penny could buy you a biscuit or candy? Nowadays, they often just sit in drawers or jars, maybe as lucky charms, or, more likely, just forgotten. It seems their time might be running out. The U.S. Mint in Philadelphia […]
Banks and stores face a shortage of pennies as the US Mint halts production.
Penny Shortage in the U.S. Pennies are becoming increasingly hard to come by in the United States. Earlier this year, President Donald Trump’s decision to halt penny production started affecting businesses nationwide. Many merchants are facing a shortage of coins, making it difficult to provide exact change. Banks, on the other hand, can’t order new […]
US Mint releases its first laser-engraved coin, believed to send a message to counterfeiters.
Counterfeit Coins Dominate Discussion at American Monetary Association Conference This weekend, the American Monetary Association wraps up its annual conference, known as the “Money World Trade Fair,” in Oklahoma City, and the coin collecting community is wrestling with a significant issue: counterfeit products from China. These fakes are reportedly more widespread than ever. According to […]
3 US Mint Coins to Keep an Eye on in the Fourth Week of July
This past week has been quite positive for “made in America” coins, especially with the House moving forward on several significant pieces of cryptocurrency legislation. A key development was the recent signing of a bill by President Trump, marking the first official regulation for cryptography in the nation. With this upbeat trend continuing, Beincrypto took […]
US Mint advances plan to eliminate the penny
U.S. Mint to Cease Penny Production Washington – The U.S. Mint has issued a final order for penny blanks and will stop coin production once they are depleted, Treasury officials confirmed on Thursday. This decision is influenced by the rising costs of penny production projected for 2024. Halting penny production is expected to save the […]
U.S. Mint makes last order to stop penny production after Trump’s directive
The US Mint has announced it will place its final order for Penny Blanks, signaling a complete halt to penny production by early next year. This decision follows remarks made by President Donald Trump in February, where he directed the Mint to stop producing pennies due to their rising production costs. He stated, “Let’s tear […]
Stop wasting money: US Mint advances plans to eliminate the penny
Penny Production Halted by Treasury Department WASHINGTON — The Trump administration has declared that continuing to produce pennies is no longer viable. The US Mint has been instructed to stop manufacturing pennies, as confirmed by Treasury officials on Thursday. This decision comes after production costs surged in 2024. By ceasing penny production, the Treasury aims […]