More than 200 years ago, the penny could buy you a candle, some candy, or even a biscuit. Today, the humble one-cent coin has mostly been relegated to the bottoms of drawers and handbags. Maybe you're holding onto a penny as a lucky token.

But their luck is about to run out.

The U.S. Mint in Philadelphia struck its last circulating penny on Wednesday after President Trump canceled the 1-cent coin as the cost of making them became more than their value.

Mr. Trump has ordered its demise as costs climb to nearly 4 cents per penny and the 1-cent valuation becomes somewhat obsolete.

"God bless America, and we're going to save the taxpayers $56 million," U.S. Treasurer Brandon Beach said just before hitting a button to strike the final penny.

The U.S. Mint has been making pennies

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