It's official: Philadelphia no longer makes cents.

The U.S. Mint in Old City produced the final circulating penny Wednesday afternoon during a ceremonial minting attended by U.S. Treasurer Brandon Beach .

“Today the Mint celebrates 232 years of penny manufacturing,” Kristie McNally, acting Mint director, said in a statement . “While general production concludes today, the penny’s legacy lives on. As its usage in commerce continues to evolve, its significance in America’s story will endure.”

The currency will still be accepted as legal tender, and the Mint said it will " continue to produce numismatic versions of the penny in limited quantities for historical and collector purposes ."

An estimated 300 billion pennies are in circulation, which is "far exceeding the amount needed

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