Core Points - The U.S. Mint has officially ceased the regular production of the one-cent coin, marking the end of its 232-year circulation history [1] - The last one-cent coin for circulation was minted by U.S. Treasury's Treasurer, Brandon Beach, during a ceremony at the Philadelphia Mint [1] - The production cost of the one-cent coin has significantly increased over the past decade, rising from 1.42 cents to 3.69 cents per coin, making its production unsustainable [1] Industry Summary - The one-cent coin has played a vital role in American daily life since its inception in 1793, but changing economic conditions and consumer behaviors have led to its discontinuation [1] - Despite the cessation of production, the one-cent coin remains legal tender in the U.S., with an estimated 300 billion coins currently in circulation, far exceeding commercial demand [1] - Retailers and businesses can continue to price items in one-cent increments, and the U.S. Mint plans to produce limited edition one-cent commemorative coins for historical research and collectors [1]