KIMBERLY, Wis. (WBAY) - The U.S. Mint is closing the book on one of America’s smallest but most familiar coins.
After more than 230 years in circulation, the penny is officially retired.
With the U.S. Mint no longer producing the penny, people are flocking to collectors to see if their coins hold a higher value.
“I save them until I get a lot, then take them to the bank to cash them in, but I don’t know, I might start saving them for a while, see what happens,” says Douglas Krueger of Neenah.
The penny was first made in 1793, but lost its value over the years. Today, it would cost nearly four cents to make one penny.
“If it costs more to make them than what it’s worth, as long as it’s saving me money, I don’t care,” says Krueger.
While Voecks’ Fox Valley Coin and Diamonds owner Miche

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