America’s last penny was struck at the U.S. Mint in Philadelphia, the end of a coin production that started in 1793 and ended Nov. 12. We’re already starting to miss them.
The last penny is about to drop. The U.S. Mint is poised to strike the final 1-cent coin on Wednesday, six months after the Trump Administration announced that it would stop producing pennies because the cost of making them is four times more than they’re worth, The Associated Press reported.
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.
Even though the U.S. Mint has quit making pennies, they remain legal to use. And you can still get them or deposit them at the bank.
Here’s what to know about when penny production stopped, what retailers are doing, which rare pennies could be valuable and how to identify them.
7don MSN
Scramble began after US Mint stopped penny deliveries to armored carriers in the wake of Trump’s February directive to eliminate the one-cent coin.