Penny Pincher
12/09/2025 |
On 11/12/25, the last US penny was minted. The Mint reported $85.3 million lost on the nearly 3.2 billion pennies it produced at a cost of 3.69 cents each. The present value of the savings to taxpayers is $2.1 billion. However, due to a preponderance of cash transactions ending in 8 and 9, the loss of the penny introduces a small net “rounding up tax” of about $6 million/year.