Core Points - The U.S. Mint has officially ceased the production of the one-cent coin after 232 years, marking the end of its circulation due to rising production costs and declining relevance [1][2] - The decision is expected to save taxpayers approximately $56 million, as the cost to produce a one-cent coin has increased significantly, reaching 3.69 cents per coin in 2024, nearly four times its face value [1] - Approximately 300 billion one-cent coins are still in circulation, and they will remain legal tender indefinitely [1] Industry Reactions - Some retailers have expressed concerns about the implications of the one-cent coin's discontinuation, with the National Association of Convenience Stores advocating for its elimination for 30 years but not in this manner [2] - Collectors and historians emphasize the historical significance of the one-cent coin, which was first introduced in 1793 and has cultural value as it once could purchase basic items like a cookie or a candle [2]