PHILADELPHIA — The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday as the president has canceled the 1-cent coin.

What You Need To Know

The U.S. Mint in Philadelphia is set to strike its last circulating penny as the president has canceled the 1-cent coin

President Donald Trump has ordered its demise as costs climb to nearly 4 cents per penny and the 1-cent valuation becomes somewhat obsolete

The U.S. Mint has been making pennies in Philadelphia, the nation's birthplace, since 1793

There are billions of pennies in circulation, but they are rarely essential to carrying out financial transactions

Still, many people have a nostalgia for the copper-plated coins, seeing them as lucky or fun to collect

President Donald Trump has ordered its demise as cos

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