The U.S. Treasury Department plans to end the issue of one-cent coins, which have been minted for more than two centuries. Penny production is expected to cease early next year. According to available information, the cost of producing each such coin is about 4 cents, which has long made their production economically unprofitable. This decision will reduce unnecessary costs and save about $56 million annually by reducing material costs. After the final cessation of minting of one-cent coins, retail outlets will have to round prices to the nearest 5 cents, which can be either up or down. However, the coins themselves will remain in circulation and will continue to be used for cash payments. The history of coins in the USA dates back to 1793, when they were first issued. In February 2025, President Donald Trump publicly announced his order to the treasury department to stop issuing these coins, citing excessive costs for their manufacture.
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