The United States has decided to stop producing the one-cent coin, known as the penny, ending a tradition that began in 1793. The final batch will be minted at the Philadelphia Mint, marking the end of over 230 years of continuous production. Although pennies will remain legal tender, their circulation is expected to decline as businesses adjust prices to round figures. The Treasury Department estimates the move will save about $56 million annually, as each penny currently costs around four cents to produce. The decision follows the growing dominance of digital transactions and the declining practical use of small coins. However, analysts warn that consumers may face an additional $6 million in annual costs due to price rounding. Attention is now turning to the nickel, which costs nearly three times its face value to manufacture.