Particle.news
Download on the App Store

U.S. Strikes Final Pennies as Retailers Begin Rounding and Treasury Preps Auction

Treasury cites rising minting costs with projected savings of about $56 million a year.

Overview

  • The ceremonial last run was struck on Nov. 12 in Philadelphia, including five omega‑marked pieces that officials say will be auctioned.
  • Some estimates put potential bids for the final coins in the multimillion‑dollar range, though other numismatists dispute such valuations and say most ordinary pennies will not appreciate.
  • Pennies remain legal tender with billions still in circulation, and the Mint plans limited collector issues alongside the auction of the final pieces.
  • Penny shortages are prompting some stores to round cash totals to the nearest nickel, with exact‑change rules in some jurisdictions and federal SNAP requirements constraining how rounding can be applied.
  • Each penny costs about 3.69–4 cents to make, and halting production follows years of low demand and is projected to save taxpayers roughly $56 million annually.