US Treasury Secretary Scott Bessent and Treasurer Brandon Beach are set to visit the Philadelphia Mint to oversee production of the final circulating one-cent coin or penny, each of which costs nearly four US cents to produce, the Treasury says.

US President Donald Trump said in February he was ordering Treasury to halt what he called the "wasteful" minting of pennies, prompting service stations, fast-food chains and big-box stores to adjust prices and round cash transactions.

Treasury said rising production costs and rapidly changing consumer habits and technology had made production of pennies "financially untenable" and unnecessary, noting that it now costs 3.69 US cents to make each penny, up from 1.42 US cents a decade ago.

Suspending their production is expected to save the US Min

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