Before the penny, Americans had the half-penny. The penny has been in circulation for 232 years. Alameda, California - Penny-pinching may soon be replaced with penny pitching. That's because ...

Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.

As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.