The final penny was produced at the U.S. Mint in Philadelphia on Wednesday.
Officials say ceasing the production of the one-cent coin is a cost-effective move.
Pennies have been around for over 230 years, and there are still billions of them in circulation, the Associated Press (AP) reported.
Each penny made costs 4 cents; therefore, Treasurer Brandon Beach made it clear the halting of production will ultimately put money back into citizens’ pockets.
Child putting pennies and other coins in a jar (Cottonbro Studio via Pexels)
“God bless America, and we’re going to save the taxpayers $56 million,” he said moments before the final penny was…
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