The US has stopped producing one-cent coins after 232 years, according to Trump.

News Topical, Digital Desk : The US Mint officially stopped minting the penny ( one-cent coin) on Wednesday, November 13. After 232 years in circulation, the US penny has ceased production. The last penny (one-cent coin) was minted today at the Philadelphia Mint, where one-cent coins were first minted in 1793.

Trump ordered the closure

The move to phase out the nation's smallest denomination coin was made because production costs had exceeded the coin's value. The decision to halt penny production followed a directive from President Donald Trump in February of this year.

"For far too long, the United States has been minting money that literally costs us more than 2 cents. It's so wasteful," Trump wrote on TruthSocial. He added, "I have instructed our Secretary of the Treasury to stop minting new money. Previously, in 1857, the half cent was the last coin to be discontinued."

The 232-year journey of the 1 cent coin

The Fugio cent, also known as the Franklin cent, was the first official circulating coin of the United States, minted in 1787. These coins are made of copper, derived from metal strips used to bind barrels of gunpowder shipped to America by France during the American Revolution, and according to the Federal Reserve Bank of Atlanta, each coin weighs approximately 10 grams.

Abraham Lincoln's image on the coin

In 1909 , to commemorate the 100th anniversary of President Abraham Lincoln's birth, his image appeared on the obverse of a U.S. coin for the first time. This marked the first time a president's image appeared on U.S. coins.

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