Congressman Biggs Introduces Legislation to Save Taxpayer Dollars by Halting the Production of Unnecessary New Pennies

Today, Congressman Andy Biggs (R-AZ) introduced the Currency Optimization, Innovation, and National Savings (COINS) Act of 2025 to pause the production of new pennies for the next ten years. According to the U.S. Mint’s 2024 Annual Report, the unit cost for pennies is 3.69 cents—more than three times the value of the one-cent coin. The COINS Act will save American taxpayers millions of dollars and codify one of President Trump’s latest policy priorities.

“85 million taxpayer dollars were spent on the production of new pennies in 2024, and no one even batted an eye,” said Congressman Biggs.

“President Trump and the Department of Government Efficiency have spent weeks rooting out government waste and fraud. Congress must support their efforts by codifying President Trump’s America First priorities—like his move to stop minting new pennies. At more than $36 trillion in debt, every single cent counts.”

Cosponsors of the legislation include: Rep. Juan Ciscomani (R-AZ), Rep. Barry Moore (R-AL), Rep. Randy Weber (R-TX), and Rep. Lauren Boebert (R-CO).

Blaze Media covered the legislation here.

The legislation may be read here.