US Mint in Philadelphia to press final penny as the 1-cent coin gets canceled 31 mins ago The U.S. Mint in Philadelphia is set to strike its last circulating penny as the president has canceled the 1-cent coin. President Donald Trump has ordered its demise as costs climb to nearly 4 cents per penny and the 1-cent valuation becomes somewhat obsolete. The U.S. Mint has been making pennies in Philadelphia, the nation's birthplace, since 1793. The last one is being made Wednesday. There are billions of them in circulation, but they are rarely essential to carrying out financial transactions. Still, many people have a nostalgia for the copper-plated coins, seeing them as lucky or fun to collect.

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