U.S. Treasury Halts Penny Production After $85M Loss — Rare Old Pennies Worth Thousands
For over two centuries, the humble penny has been a staple in American pockets, jars, and junk drawers—but that’s changing fast. In a bold move to curb escalating costs, the U.S. Treasury has officially ended penny production after incurring an $85 million loss in 2024 alone, with the final coins minted in August 2025. This marks the end of an era for the one-cent piece, first introduced in 1793, driven by the fact that each penny costs 3.69 cents to …