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U.S. Treasurer Brandon Beach pressed the last two pennies today, marking the end of the coin’s run
After centuries of production, the U.S. Mint has decided that producing pennies no longer makes cents. The last penny was pressed today, Nov. 12, by U.S. Treasurer Brandon Beach at the U.S. Mint in Philadelphia.
The coin has been deemed too expensive after over 230 years in the making, according to the Trump administration.
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” President Donald Trump wrote in a post. “This is so wasteful! I have instructed my Secretary of the U.S. Treasury to stop producing new pennies.”
.@TreasurerBeach, who oversees the U.S. Mint, pushes a button to create the last ever circulating penny.
The Mint says it’ll be auctioned off. pic.twitter.com/U7ZSrbJC1J
— Michael Stratford (@mstratford) November 12, 2025
Halting penny production will save taxpayers $56 million annually, as it takes almost four cents to produce one cent.
“God bless America, and we’re going to save the taxpayers $56 million,” Beach said, as he pressed the last coin.
While there will no longer be anymore pennies being created, billions are still in circulation and may be used in purchases, Beach said.
“We’re saying goodbye to the penny today, but let me just be crystal clear, like I said, it’s still legal tender,” Beach said. “So you can still use it at your stores and retail outlets.”
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The final two pennies pressed today will be put up for auction, according to Associated Press News.
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Cristal Soto
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