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The final penny was minted on Wednesday at the Philadelphia Mint after over 230 years in circulation as a useful coin flip device, a vehicle to cast wishes into lucky ponds and the smallest form of U.S. currency.
The U.S. Mint in Philadelphia says it has pressed its last penny as the country moves closer to phasing out the venerable coin.
The penny is finally cashing out.The United States Mint pressed the final circulating penny at its Philadelphia facility during a ceremonial event on Wednesday, Nov. 12.United States Treasurer Brandon Beach struck the coin,
The U.S. Mint in Philadelphia will soon cease circulating its last penny, marking the latest step in the 1-cent coin's demise. President Donald Trump ordered the cancelation of the penny earlier this year,
The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday after the president canceled the 1-cent coin as the cost of making them became more than their value. President Donald Trump has ordered its demise as costs climb to nearly 4 cents per penny and the 1-cent valuation becomes somewhat obsolete.
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The US penny is officially dead
The government minted the final one-cent coin in Philadelphia, though billions remain in circulation.
The Treasury Department said the last pennies were stamped with a special omega mark and will not go into circulation.
The last penny is about to drop. The U.S. Mint is poised to strike the final 1-cent coin on Wednesday, six months after the Trump Administration announced that it would stop producing pennies because the cost of making them is four times more than they’re worth, The Associated Press reported.
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The last penny: US Treasurer ends copper-clad cents in Philly Mint visit after 232-year run
The U.S. government started making pennies in Philadelphia in 1792 when the city was the nation’s capital. It stopped Wednesday, as U.S. Treasurer Brandon Beach stepped up to a machine in the penny room of the world’s largest coin factory and ceremonially pushed a button to strike the last handful of copper-clad,