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International Business Times UK
International Business Times UK
World
Akshay Puri

US House Votes to Kill the Penny for Good – Here's What It Means for Your Cash Purchases

Existing pennies will remain legal tender as the US moves to end production of the one-cent coin for everyday transactions. (Credit: This is an AI-Generated Image)

For more than two centuries, the American penny has passed through countless hands. It has been dropped into jars, left on shop counters, and counted out at cash registers. Now its days as a working part of US commerce could be numbered.

The House of Representatives has unanimously approved legislation designed to permanently end production of the one-cent coin for general circulation and establish a federal framework for rounding cash payments to the nearest five cents. The move comes after the US Mint already stopped producing circulating pennies in November 2025, ending a 232-year production run. Existing pennies, however, remain legal tender.

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