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Kiplinger
Kiplinger
Business
Paige Cerulli

Farewell to the Penny: US Treasury Ends Production of One Cent Coin

Front and back view of the penny.

After nearly two centuries, the U.S. government is ending the production of the penny. The U.S. penny discontinuation means that, in time, these coins that you grew up with will no longer be in circulation.

For many Americans, the penny is more than just pocket change. It’s a nostalgic reminder of childhood piggy banks, exact-change and “a penny saved is a penny earned.” While often overlooked in daily life, the penny has been a constant in wallets, registers and charity jars for generations.

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