storyvault
Aug 01, 2026

Senate Unanimously Passes Bill to End Penny Production and Cut Nickel Costs

The Common Cents Act would stop production of circulating pennies, allow cash transactions to be rounded and give the Treasury authority to develop a cheaper nickel.

The U.S. Senate unanimously approved the Common Cents Act this week, delivering a rare bipartisan vote on a measure aimed at reducing the cost of producing U.S. coins and simplifying cash transactions.

The legislation, which previously cleared the House, would formally end production of circulating pennies while giving the Treasury Department authority to develop a less expensive nickel.

The measure advanced by unanimous consent and addresses several long-standing issues surrounding U.S. coinage, including the high cost of producing pennies and nickels and the growing complications created by the declining availability of pennies.

Under the bill, production of circulating one-cent coins would officially end. The U.S. Mint already produced its final penny for general circulation last year, although special collectible versions commemorating the nation’s 250th anniversary entered circulation earlier this year.

Existing pennies would remain legal tender. Americans are estimated to hold roughly 300 billion pennies, meaning the coins already in circulation would not suddenly lose their value.

Other posts