US to mint its last penny
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The penny dropped. The U.S. Mint struck the final 1-cent coin that will be used as legal tender on Wednesday, six months after the Trump administration announced that it would stop producing pennies because the cost of making them is almost four times more than they’re worth.
Here’s what to know about why and when penny production stopped, how many are in circulation and which rare pennies could be valuable.
WASHINGTON — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. "For far too long the United States has minted pennies which literally cost us more than ...
Penny production will stop next year. NPR's Ayesha Rascoe talks to Wake Forest Economics Professor Robert Whaples about the penny shortage already hitting some businesses.