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This description was generated, in part, by AI.
- The U.S. Mint continues to produce pennies annually despite production costs (2.72 cents per penny in 2022) exceeding their face value.
- In 2023, over 4.5 billion pennies were produced.
- While there are ongoing debates about discontinuing the penny, any such change would require Congressional legislation, which has not been passed as of market creation on 9 February 2025.
- On 9 February 2025, President Trump instructed the Secretary of the Treasury to halt production of the penny.
- Whether or not president is permitted by the US Constitution to take this action is an active debate.