After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

Then in 2006, New Zealand stopped producing its 5-cent coin as well, per Nasdaq. Canada followed suit in 2012, removing 6 billion pennies from circulation over three years, GovMint reported.

Each penny costs nearly 4 cents — or $0.0369, to be exact — for the U.S. Mint to make and distribute. In total, America’s coin manufacturer said it shipped more than 3.17 billion pennies ...

Each penny costs nearly 4 cents — or $0.0369, to be exact — for the U.S. Mint to make and distribute. In total, America's coin manufacturer said it shipped more than 3.17 billion pennies ...

"For far too long the United States has minted ... joining the half-cent coin, the 2-cent coin, the 20-cent piece and the "trime" – a silver three-cent piece issued from 1851 to 1873, Caroline ...