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🕒 11 hrs ago

US Treasury Halts Penny After 231 Years, Piggy Banks Face Early Retirement

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Image & Article: bbc

US Treasury halts penny production, ending the 231-year-old coin's run and saving $56m annually. Piggy banks brace for extinction while cashiers anticipate chaos as prices round to the nearest nickel. President Trump called the coin “wasteful,” sealing its fate.

Ending pennies means cash transactions will round up or down, echoing Canada’s 2012 move. Coin collectors lament losing a piece of 1793 history, while Elon Musk’s mock “Doge” agency cheers the savings. Some fear lucky pennies may become black-market relics in pockets.

Producing a single penny cost the US Treasury 3.69 cents—nearly quadruple its face value in 2025.

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