LAS VEGAS ( FOX5 ) — The U.S. government has stopped producing pennies after 238 years, with President Donald Trump ordering the halt as each coin costs four cents to create.

More than 300 billion pennies remain in circulation, according to government estimates. The decision to end production is expected to save American taxpayers approximately $56 million a year in production costs alone.

Coin collectors see historic change

Christopher Shands, who operates Archangel Coins near Charleston and Decatur, said the end of penny production marks a significant moment for collectors.

“I would like for everyone to think it is a tragic thing, a loss to history, something that would make the founding fathers roll over in their graves,” Shands said.

Shands has collected coins since childhood an

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