PHILADELPHIA – The US Mint has officially ended production of the penny, a coin that has been produced in Philadelphia since the 1790s. Despite the halt in production, the penny will remain legal tender.

The US Treasurer emphasized the continued legality of the penny, stating, "Although today we say goodbye to the continued production of our copper one cent coin let me be crystal clear the penny remains legal tender. We have over 300 billion pennies that remain in circulation and we encourage you to use them."

The decision to end penny production is expected to save the Treasury $56 million annually. This move aligns with President Trump's call to stop producing the penny. According to reports, each penny costs four cents to produce, making it economically inefficient.

The Treasury enco

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