The U.S. Treasury Department will stop making new pennies, according to a statement on Thursday.
The Wall Street Journal first reported that the U.S. government ordered its last penny blanks in May, and the United States Mint will stop manufacturing the one-cent coins when the final inventory of penny blanks is used. (Penny blanks are flat, metal discs that are turned into coins.)
President Donald Trump ordered the U.S. Mint in February to stop making pennies, noting its high production cost. According to the U.S. Mint, it costs up to