The average cost to make one penny rose to 3.69 cents in the last fiscal year, marking the 19th consecutive year the coin has “remained ... on the penny: Why do we still have it anyway?

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Newsom signed the order after returning from Washington, D.C., where he met with President Trump to discuss federal aid.

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The average cost to make one penny rose to 3.69 cents in the last fiscal year, marking the 19th consecutive year the coin has “remained above face value,” per the latest U.S. Mint report.