The U.S. Mint has decided to end penny production because it costs nearly four cents to make a single penny. By discontinuing production, the government will reduce costs and streamline coin distribution nationwide.

The U.S. Mint placed its final order for penny blanks in 2025, and production will officially wind down once those blanks are used. Production is expected to end by early 2026.

Yes! Pennies will remain valid for purchases, deposits, and payments. You can continue using and depositing them as usual.

No. We will continue to provide change orders until our supply channels have been depleted. When this occurs, you will simply round transaction totals up or down to the neared nickel. There’s no need to worry about changes in pricing. The rounding occurs at the end of the transaction, after items are totaled and applicable tax is added. Over time, as fewer pennies circulate, some cash transaction totals may round to the nearest nickel – similar to what other countries have done successfully. Digital and card payments will support exact amounts.

We encourage customers not to hoard pennies, since keeping coins out of circulation makes them harder for others to access. Instead, bring in your coin jars to your local branch. Our coin machines make it easy to deposit or exchange your coins.

We’re closely monitoring supply and working with coin providers to ensure branches can meet your change needs at this time. Customers will notice no disruption in penny availability or deposits.

Visit any of our branches to use our coin-counting machines. Turning your spare change into cash or deposits keeps coins circulating in our local community.