November 13, 2025
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0:53Now PlayingAfter more than two centuries, the U.S. Mint has minted the last penny.
President Trump announced the decision back in February. Producing each coin was costing the government nearly four cents, and ending production will save taxpayers more than $50 million every year.
But the move to phase out the penny has been a big pain for many retailers and banks who are struggling to provide exact change.
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