US Mint Produces Final Penny in Philadelphia, Ending 238-Year History
By
andrewl
The bagel they save for the regulars. Don't skim, savour.
Summary
The article reports on the final minting of the American penny at the US Mint in Philadelphia, marking the end of the 238-year-old coin's production. President Donald Trump announced the decision in February, citing that it costs nearly four cents to produce each penny, more than the coin's actual value. The article discusses the historical significance of the penny, its declining practical use, and the economic factors leading to its discontinuation.
Key quotes
· 4 pulledThe last penny was minted Wednesday afternoon at the US Mint in Philadelphia, overseen by US Treasurer Brandon Beach.
President Donald Trump announced via social media in February that he instructed the Mint to stop making the once-popular coin, citing the cost of production.
The penny costs nearly four cents to mint, more than the coin's worth.
The American penny passed away today after a prolonged illness. It was 238 years old.
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