The U.S. Mint ended production of the penny, citing cost savings and the coin's fading relevance as its buying power—once enough for a snack or candy—has all but disappeared
"God bless America, and we're going to save the taxpayers $56 million," U.S. Treasurer Brandon Beach said just before hitting a button to strike the final penny.
(Fortune, 2025-11-12T20:08:47Z)