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In February, President Trump directed the U.S. Mint to cease making pennies.

The one-cent coin costs four times more than its face value to produce.

Businesses report phasing out the penny is problematic due to a lack of planning.

President Donald Trump’s decision in February to cease production of the penny seems to make pretty good sense from a bare-bones fiscal breakdown.

The cost of production for the copper-plated zinc coin at about 3.9 cents far exceeds its face value.

But while the penny cancellation effort is well under way — the U.S. Mint placed its final order for penny blanks in May and the Federal Reserve began suspending coin distribution terminals for penny services in August — retailers, banks and other businesses say the change did not come with an implemen

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