Congratulating Avery Penrod on her graduation from Allen High School.

89th Legislature (2025) Introduced by Jeff Leach

Halts production of 1-cent and 5-cent coins for 10 years, with limited numismatic output; coins remain legal tender, reshaping cash handling and coin-operated systems.

Reported enrolled

#penrod #avery(no085) #resolutions--congratulatory&honorary(i0705)

Summary — H.R. 1270 (Introduced Feb 12, 2025)

Title shown: "Congratulating Avery Penrod on her graduation from Allen High School."
Sponsor: Rep. David Schweikert (R-AZ)
Status: Reported enrolled (placed on Congratulatory & Memorial Resolutions Calendar; adopted by the House 2025-05-23). Referred to House Committee on Financial Services on introduction.

Important note about the record: the bill header/classification identifies this measure as a congratulatory resolution, but the text version on file contains substantive changes to U.S. coin production law (ceasing production of 1-cent and 5-cent coins). The summary below describes the substantive text as provided.

Purpose / Intent

The operative text directs the Secretary of the Treasury to stop producing one-cent (pennies) and five-cent (nickels) coins for circulation for a 10-year period beginning on the date of enactment, while preserving limited production for numismatic (collector) purposes and maintaining the coins’ legal-tender status.

Key provisions

Suspension of circulation production:

The Secretary of the Treasury shall cease production of 1¢ and 5¢ coins for a 10-year period beginning on the date of enactment, “except as provided” for numismatic production.

Numismatic exception:

The Mint may continue to produce pennies and nickels solely to meet the needs of numismatic collectors.
Coins produced for collectors are to be sold under the Mint’s rules for numismatic (non-circulating) coins.
Net receipts from such sales must equal the total cost of production (including variable costs and an appropriate share of fixed costs) for each denomination, as determined by the Secretary.

Legal tender preserved:

One-cent and five-cent coins remain legal tender for all debts, public and private, regardless of minting date.

Who would be affected

U.S. Mint / Department of the Treasury: would change production operations and sales practices for pennies and nickels.

Businesses, consumers, and entities handling cash: would be affected by the absence of newly minted pennies and nickels in circulation (existing coin stock would still be legal tender).

Vending, parking meters, transit systems, and coin-operated machines: may face operational and change-making impacts depending on coin circulation and rounding practices.

Numismatic market: collectors would continue access to Mint-issued pennies and nickels sold at cost-based prices.

Timeline and procedural notes

Production halt would last 10 years starting on the date the bill becomes law.

The bill was introduced 2025-02-12, referred to the Financial Services Committee, later placed on the Congratulatory & Memorial Resolutions Calendar, and reported enrolled/adopted by the House in May 2025.

No specific fiscal estimates or dollar amounts are included in the text provided.

Potential impacts (high-level)

Could reduce Mint production costs and change seigniorage dynamics (extent depends on existing coin inventories and circulation behavior).

Cash-transaction ecosystems may move toward rounding or increased use of 10¢ and higher-denomination coins, electronic payments, or store-level rounding policies.

Exact economic and operational impacts would require Treasury/Mint and industry analysis; the text itself does not include implementation details (e.g., rounding rules or support for affected industries).