Newsletter
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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https://www.stlouisfed.org/publications/page-one-economics/2026/may/penny-costs-more-than-penny-economics-behind-ending-the-cent
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https://www.federalreserveeducation.org/teaching-resources/economics/money/when-a-penny-costs-more-than-a-penny
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https://www.federalreserveeducation.org/resources/readings/article--when-a-penny-costs-more-than-a-penny-economics-behind-ending-the-cent-reading.pdf
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Page One Economics Newsletter
Publication Date: 2026-05-01