Bessent, US Treasurer to strike final penny at Philadelphia Mint

On November 12, 2025, Bessent, the US Treasurer, will strike the final penny at the Philadelphia Mint. This event marks the end of an era for the penny, a coin that has been a staple of American currency for over two centuries. The decision to cease penny production reflects ongoing discussions about the coin's practicality and relevance in modern transactions, as many argue that it costs more to produce than its actual value. This final strike symbolizes a significant shift in the US monetary system and may influence future currency policies.