On Wednesday, Nov. 12, U.S. Treasury Secretary Scott Bessent and U.S. Treasurer Brandon Beach will mark the striking of the \

On Wednesday, Nov. 12, U.S. Treasury Secretary Scott Bessent and U.S. Treasurer Brandon Beach will mark the striking of the \

Pennies today cost nearly four cents each to make - more than twice the cost of a decade ago.

The last penny will be minted Wednesday in Philadelphia, ending a 238-year run for the one-cent piece. President Trump ordered the end of the penny.

The Treasury Department expects to save $56 million per year on materials by ceasing to make them.

The Treasury Department said the last pennies were stamped with a special omega mark and will not go into circulation.

The Treasury Department expects to save $56 million per year on materials by ceasing to make them.

The US Mint has made its last penny. Costly nickels, however, could cancel out savings.