Overview
- The Treasury said the final coins will be auctioned, with Treasurer Brandon Beach displaying pieces struck in Philadelphia.
- Pennies remain legal tender, and Beach estimates roughly 300 billion are still in circulation.
- Cash transactions are expected to round to the nearest five cents, but business groups report little federal instruction on how to implement it.
- Mint and media estimates put annual savings from halting production at about $56 million.
- Manufacturing a one-cent coin has been costing about four cents, which officials cited in February when President Trump explained the decision.