{"id":105706,"date":"2025-11-12T18:47:16","date_gmt":"2025-11-12T23:47:16","guid":{"rendered":"https:\/\/nuevaonda.com\/farewell-to-the-penny-usa-mints-its-last-1-cent-coin\/"},"modified":"2025-11-12T18:48:42","modified_gmt":"2025-11-12T23:48:42","slug":"farewell-to-the-penny-usa-mints-its-last-1-cent-coin","status":"publish","type":"post","link":"https:\/\/nuevaonda.com\/en\/farewell-to-the-penny-usa-mints-its-last-1-cent-coin\/","title":{"rendered":"Farewell to the penny! USA mints its last 1 cent coin"},"content":{"rendered":"<p>The U.S. Mint announced on Wednesday, November 12, the end of an era by minting, at its Philadelphia plant, the last one-cent coin -popularly known as a penny- after 232 years of uninterrupted circulation.<\/p>\n<p>The decision, taken for budgetary reasons, marks the closure of one of the most recognizable symbols of the U.S. economy and its popular culture.<\/p>\n<p><!--more--><\/p>\n<h2>A historic farewell to the penny<\/h2>\n<figure id=\"attachment_105699\" aria-describedby=\"caption-attachment-105699\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-105699\" src=\"https:\/\/nuevaonda.com\/wp-content\/uploads\/2025\/11\/penny-shutterstock_2505847205.jpg\" alt=\"\" width=\"1200\" height=\"800\"><figcaption id=\"caption-attachment-105699\" class=\"wp-caption-text\">PHOTO: Shutterstock<\/figcaption><\/figure>\n<p>During an official ceremony, Mint workers produced the last batch of one-cent coins in the presence of <a href=\"https:\/\/home.treasury.gov\/\" target=\"_blank\" rel=\"noopener\">Treasury Department<\/a> officials, historians and collectors.<\/p>\n<p>The authorities recalled that the production of the penny is today unsustainable: manufacturing a single coin costs 3.69 cents, that is, almost four times its nominal value.<\/p>\n<p>&#8220;While production will cease, the penny will remain legal tender,&#8221; the Mint said in a statement.<\/p>\n<p>There are an estimated 300 billion pennies in circulation, guaranteeing that they will continue to be used for years until they are completely withdrawn from the financial system.<\/p>\n<h2>Million-dollar savings and gradual transition<\/h2>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The last penny has been minted. There are still 300 billion pennies in circulation and the U.S. Treasurer tells me we will not run out. <a href=\"https:\/\/twitter.com\/hashtag\/USMint225?src=hash&amp;ref_src=twsrc%5Etfw\">#USMint225<\/a> <a href=\"https:\/\/t.co\/AYvmssnnbP\">pic.twitter.com\/AYvmssnnbP<\/a> <\/p>\n<p>&#8211; Edward Lawrence (@EdwardLawrence) <a href=\"https:\/\/twitter.com\/EdwardLawrence\/status\/1988686221556801839?ref_src=twsrc%5Etfw\">November 12, 2025<\/a><\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe Treasury Department explained that the end of production will save taxpayers more than $56 million annually.<\/p>\n<p>The withdrawal will be done progressively, as the circulating centavos are deposited or replaced by other denominations.<\/p>\n<p>The authorities clarified that there will be no immediate impact on <a href=\"https:\/\/nuevaonda.com\/pfizer-anuncia-recortes-de-precios-y-mas-inversion-tras-exigencias-de-trump\/\" target=\"_blank\" rel=\"noopener\">prices<\/a> or transactions, since the rounding system will be applied in an automated manner at points of sale and banks.<\/p>\n<p>In addition, the Mint will continue to produce commemorative and collectible versions of the penny for numismatists and the country&#8217;s historical record.<\/p>\n<h2>The legacy of an American icon<\/h2>\n<p>First created in 1793, the penny has accompanied the economic development of the United States since its early years as a nation.<\/p>\n<p>Its current design, featuring the face of President Abraham Lincoln, was introduced in 1909 to commemorate the centennial of his birth.<\/p>\n<p>On the reverse side, since 2010, there has been a shield symbolizing the union of the states.<\/p>\n<p>For most of the 20th century, the penny was made of solid copper, but since 1982 its composition has changed to 97.5% zinc and 2.5% copper, which reduced costs but did not stop its increasing cost.<\/p>\n<h2>A symbol with sentimental value<\/h2>\n\n<p>Although for many Americans the penny ceased to be of practical use years ago, its demise stirs a mixture of nostalgia and debate.<\/p>\n<p>Expressions such as &#8220;a penny for your thoughts&#8221; or the custom of throwing a penny into a fountain to make a wish are part of the country&#8217;s cultural imaginary.<\/p>\n<p>With this change, the United States joins other countries such as Canada, Australia and New Zealand, which eliminated their lower denomination currencies to optimize their monetary systems.<\/p>\n<p>Thus, with the latest minting in Philadelphia, the penny officially moves from everyday life into the history books &#8211; leaving behind more than two centuries of stories, pockets and dreams stored in a small coppery coin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Mint announced on Wednesday, November 12, the end of an era by minting, at its Philadelphia plant, the last one-cent coin -popularly known as a penny- after 232 years of uninterrupted circulation. The decision, taken for budgetary reasons, marks the closure of one of the most recognizable symbols of the U.S. economy and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[149,54],"tags":[489],"class_list":["post-105706","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-economy","tag-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Farewell to the penny: US mints its last 1-cent coin<\/title>\n<meta name=\"description\" content=\"The Mint says goodbye to the penny. 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