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When a Penny Costs More Than a Penny: The Economics Behind Ending the Cent


Abstract: The article explains why the U.S. ceased penny production in November 2025, highlighting rising costs and declining cash use.

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File(s): File format is text/html https://www.federalreserveeducation.org/teaching-resources/economics/money/when-a-penny-costs-more-than-a-penny
Description: Federal Reserve Education resource landing page

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Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2026-05-01