The U.S. Treasury Secretary and Treasurer are overseeing the production of the final circulating one-cent coin, or penny, at the Philadelphia Mint due to rising production costs. President Trump's order to halt penny minting has prompted adjustments in cash transactions at various businesses. Suspending penny production is expected to save the U.S. Mint $56 million annually, with the coin remaining legal tender. The decision to eliminate the penny would require congressional approval, with bipartisan legislation in progress to address the high production costs. Other countries have phased out their lowest-value coins, opting for rounding cash transactions.
Farewell to the Penny: U.S. Mint Presses Its Final Batch in Philadelphia
REUTERS/Mike Blake/File Photo
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Events
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Concerned for the Hungry Thanksgiving Food Basket DriveDon't miss the 46th Annual Thanksgiving Food Basket Drive at Keane Elementary School, November 19-24!! Volunteering for the Concerned for the Hungry Thanksgi...
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Tiny Tales! Storytime and Dedication event
Join us at the Cohoes Public Library on Saturday, November 15th at 11am for Tiny Tales Storytime and Dedication of the children's and family space
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Siena Saints BasketballGet your green and gold and cheer on the Siena Saints Men's Basketball for their 2025-2026 season!! Watch their home games live at the MVP Arena!
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Mystery Book Club
Join us on November 19th at 10:30 am to read and discuss our book of the month, Donna Andrews' The Falcon Always Wings Twice at the Cohoes Public Library!
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