Congress passes Common Cents Act to permanently end circulating penny production

  • Congress passed the Common Cents Act, sending the penny-production measure to President Donald Trump.
  • Each penny costs 3.69 cents to produce, while the halt could save about $56 million annually.
  • Existing pennies remain legal tender, with cash rounding and limited collector issues authorized.

Congress passed H.R. 10167, the bipartisan Common Cents Act, sending it to President Donald Trump after the Senate approved it by unanimous consent on Monday. The legislation would permanently codify the U.S. Mint’s 2025 halt to circulating penny production while keeping existing pennies legal tender and allowing limited collector issues. It would establish a national framework for rounding cash transactions to the nearest five cents when exact change is unavailable, while electronic payments would remain charged to the exact cent. The Mint says each penny costs 3.69 cents to produce, compared with 1.42 cents a decade ago, and ending circulating production could save about $56 million annually. The bill also authorizes Treasury to test cheaper nickel compositions that do not materially disrupt coin-operated equipment.

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