Back in 1793, a penny could get you a biscuit, a candle or a piece of candy. These days, many sit in drawers or glass jars and are basically cast aside or collected as lucky keepsakes.

But their luck is about to run out.

The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday as the president has 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.

The U.S. Mint has been making pennies in Philadelphia, the nation’s birthplace, since 1793, a year after Congress passed the Coinage Act. Today, there are billions of them in circulation, but they are rarely essential for financial transact

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