PHILADELPHIA —
The final 1-cent coin pressed by the U.S. Mint on Wednesday cost more than a pretty penny to make. In fact, it cost about three of them, and some change.
The end of the 232-year-old coin comes after President Donald Trump, in a social media post in February, called for the Treasury secretary to halt the production of new pennies.
One penny costs 3.7 cents to make, according to the latest 2024 U.S. Mint Annual Report. That is about 270% more than they are worth.
Penny production cost has been on the rise in recent years. It grew about 20% from 2023 to last year.
Since 2000, the cost of a penny has more than quadrupled.