By FATIMA HUSSEIN
WASHINGTON (AP) — The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday.
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In February, President Donald Trump announced that he had ordered his administration to cease production of the 1-cent coin.
Advocates for ditching the penny cite its high production cost — almost 4 cents per penny now, according to the U.S. Mint — and limited utility. Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel, which costs almost 14 cents to mint.
The Wall Street Journal first reported the news.
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