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No More Penny Production: What It Means for Your Money

This act aims to stop the government from minting and issuing 1-cent coins. This means no new pennies will be produced in the future, but the ones you already have will remain valid for payments.
Key points
The government will stop producing new 1-cent coins.
Existing 1-cent coins will remain legal tender.
This change will not affect the value of your current penny savings.
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Status:
Introduced
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Additional Information
Make Sense Not Cents Act
Print number: S 1554
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2025-05-01