Australia ended production of its 1 and 2 cent coins in 1992, and Canada followed suit by phasing out its penny in 2012. New Zealand eliminated its 1 and 2 cent coins in 1990 and later ...

But the U.S. won’t be the first country to discontinue the penny. New Zealand stopped producing its one-cent coins in 1990, followed by Australia in 1992 and Canada in 2012.

But one penny has been hard to come by: the 2025 penny. “Everybody found out that the production is stopped, so everybody ran into the banks and started buying them,” Raines said.

The federal government made its final order of penny blanks in May − the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.

A local coin shop owner says penny collecting could become popular again. CANTON – Woody's Root Beer Stand is one of the few businesses in Stark County that operates as cash-only.

But one penny has been hard to come by: the 2025 penny. “Everybody found out that the production is stopped, so everybody ran into the banks and started buying them,” Raines said.

But one penny has been hard to come by: the 2025 penny. “Everybody found out that the production is stopped, so everybody ran into the banks and started buying them,” Raines said.