Pennies will remain legal tender in the US, with an estimated 300 billion of them in circulation. Photo: AP PHOTO

US Treasury Secretary Scott Bessent and Treasurer Brandon Beach are set to visit the Philadelphia Mint to oversee production of the final circulating one-cent coin or penny, each of which costs nearly four US cents to produce, the Treasury says.

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US President Donald Trump said in February he was ordering Treasury to halt what he called the "wasteful" minting of pennies, prompting service stations, fast-food chains and big-box stores to adjust prices and round cash transac

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