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Cryptocurrency News Articles
RAYMORE, Mo. - Friday is National Lucky Penny Day, but the future for the penny is not looking so lucky
May 23, 2025 at 07:18 am
The U.S. Treasury confirmed Thursday it ordered its last round of pennies; after that runs out, they will no longer be in production
The U.S. Treasury has confirmed that it has ordered its last round of pennies, spelling bad news for those who prefer not to see the copper coin disappear.
After the Trump administration announced in February that it would halt the production of the one-cent coins, which is estimated to save the government $56 million, the Treasury announced Thursday that it has placed its last order for pennies with the U.S. Mint.
After that runs out, they will no longer be in production, but they can still be used for purchases.
With 114 billion pennies in production, the coin is far from rare. Pennies are the most commonly collected coin, said Rick Raines of Raines Rare Coins LLC. But Raines has not seen an increase in demand for pennies since the announcement that production will stop.
“There’s still way too many pennies for the collectors’ base to collect,” Raines said.
But one penny has been hard to come by: the 2025 penny.
“Everybody found out that the production is stopped, so everybody ran into the banks and started buying them. So, we’ve got collectors looking for those and I don’t even have any at the shop right now.”
After 1982, pennies began to be made mostly of zinc with a copper plating, making them worth more for their metal content. Pennies made before 1982 are worth about 3 cents a piece.
Although you can sell them to a coin shop, you can’t melt them down. Since pennies are still legal tender, it’s a felony to melt them for profit.
“If they do away with the penny, or the cent, I don’t know if they’ll approve it to be melted, they probably will.”
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