For more than two centuries , the American people have trusted the penny as a part of their everyday currency. But when President Donald Trump came into office, he noticed a problem: Demand for the penny was falling while production costs were rising. That imposed an increasingly needless financial cost on American families.

To save American taxpayers hundreds of millions of dollars, President Trump, along with Treasury Secretary Scott Bessent, made the decision to end penny production.

A historic decision for American consumers

Now the historic American penny will no longer be produced.

Let me be clear: The penny remains legal tender. If you have pennies in your pocket, I encourage you to use them.

So why make this decision now?

Over the past decade, the production cost of

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