{"id":374989,"date":"2025-11-13T03:00:14","date_gmt":"2025-11-13T03:00:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/374989\/"},"modified":"2025-11-13T03:00:14","modified_gmt":"2025-11-13T03:00:14","slug":"the-penny-is-dead-after-232-years-why-you-shouldnt-get-rid-of-it-nbc-los-angeles","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/374989\/","title":{"rendered":"The penny is dead after 232 years \u2014 why you shouldn\u2019t get rid of it \u2013 NBC Los Angeles"},"content":{"rendered":"

Originally appeared on E! Online<\/a><\/strong><\/p>\n

Unfortunately, making the one-cent coin really did cost a pretty penny.<\/p>\n

After 232 years in circulation \u2014 nearly as long as the United States of America has been a country \u2014 the final penny was minted Nov. 12 in Philadelphia by United States Treasurer Brandon Beach.<\/p>\n

For the historic event, the United States Mint held a ceremonial strike to commemorate the end of the one-cent coin.<\/p>\n

\u201cToday the Mint celebrates 232 years of penny manufacturing,\u201d acting Mint Director Kristie McNally shared in a statement<\/a>. \u201cWhile general production concludes today, the penny\u2019s legacy lives on.\u201d<\/p>\n

Although no more pennies will be created, there are still an estimated 300 billion copper coins in circulation \u2014 that\u2019s $3 billion in value \u2014 and can still be used. (Plus, some previously minted pennies<\/a> are worth up to $1.7 million.)<\/p>\n

\u201cAs its usage in commerce continues to evolve,\u201d McNally continued, \u201cits significance in America\u2019s story will endure.\u201d<\/p>\n

After being authorized by the Coinage Act of 1792, the penny has played a major role in both business and culture. While \u201ccharm pricing\u201d uses the coin\u2019s one cent value as a marketing tactic to make items appear cheaper \u2014 after all, $19.99 is less than $20 \u2014 the penny has also inspired fashion, by way of penny loafer shoes, and movies, such as 1936\u2019s Oscar-nominated Pennies From Heaven and its 1982 Oscar-nominated remake starring Steve Martin<\/a> and Bernadette Peters. <\/p>\n

READ<\/b> What Hailey Bieber Wants to Do With Money From $1 Billion Rhode Sale<\/a><\/p>\n

As for why the penny will no longer be produced? As it turns out, it costs more to create the one-cent coin than it is actually worth. In fact, the U.S. Mint noted \u201cthe cost of producing each penny has risen from 1.42 cents to 3.69 cents per penny.\u201d<\/p>\n

Following the news of the penny\u2019s death, social media users had an array of reactions, many of which leaned into humor. <\/p>\n

\u201cSo what am I going to give people for their thoughts now?\u201d one user wrote on X (formerly Twitter)<\/a>, as another quipped, \u201cThis doesn’t make any cents.\u201d<\/p>\n

Meanwhile, a parody account purporting to be the late President Abraham Lincoln, who had graced the front of the penny since 1909, wrote<\/a>, \u201cWell this f–king sucks.\u201d <\/p>\n

\n\t\t\t\t\t\t\t\tBefore cleaning out your loose change, make sure you’re not accidentally giving away a rare penny worth thousands of dollars.\n\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Originally appeared on E! Online Unfortunately, making the one-cent coin really did cost a pretty penny. After 232…\n","protected":false},"author":3,"featured_media":374990,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[1582,276,2961,224,5337,6459],"class_list":{"0":"post-374989","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-ca","9":"tag-california","10":"tag-la","11":"tag-los-angeles","12":"tag-losangeles","13":"tag-money"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115540159922354998","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/374989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=374989"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/374989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/374990"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=374989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=374989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=374989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}