Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

"Confirming the WSJ story, the Treasury has made its final order of penny blanks this month and the United States Mint will continue to manufacture pennies while an inventory of penny blanks exists," a Treasury spokesperson said.

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that the Treasury Department will cease all penny production by early 2026. “I think we can retool the nickel and change the composition of the alloys so that a nickel is worth a nickel,

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.

The U.S. Mint will stop making pennies once its final supply of blanks is gone, following a Trump administration directive aimed at cutting costs.

The U.S. Mint will make pennies as long as the blanks exist, but once they run out, there will be no more pennies produced, CNN reported. The Wall Street Journal, which broke the story, said that no new pennies will be added to circulation by early next year.

The US Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official

The US Mint is ceasing penny production due to rising costs, a move expected to save the government $56 million annually. President Trump initiated the directive, highlighting the coin's inefficiency,