End of pennies: Philadelphia Mint strikes final 1-cent coin

State of play: The Philadelphia U.S. Mint struck the final circulating one-cent coin on Wednesday.

• Treasury Secretary Scott Bessent and Treasurer Brandon Beach were in town at the mint for the historic moment.

The intrigue: Where that final struck penny will end up — either in circulation or in a museum — remains unknown.

• A Treasury spokesperson didn't immediately return Axios' request for comment.

Catch up quick: President Trump directed the Treasury to stop producing new pennies earlier this year due to the ballooning costs of making the coins.

• The U.S. Mint has made pennies since 1792.

Yes, but: The Mint will occasionally churn out collector edition pennies in limited quantities.

Reality check: Don't expect pennies to vanish overnight.

• An estimated 114 billion one-cent coins are in circulation.

What we're watching: Whether phasing out the lowly penny will bring about new pricing strategies from retailers, like rounding up or down to the nearest 5 cents.