A spokesperson for the Treasury Department confirmed to USA TODAY that the government recently made its final order of penny blanks, flat metal discs that become coins. The United States Mint will continue to produce pennies while the inventory lasts, but after the supply runs out, the production of United States pennies will end.

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

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,

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 Treasury Department says it will phase out production of new pennies early next year. It said that the cost of making pennies had increased markedly, by upward of 20 percent in 2024.

Minting pennies just doesn't make much cents anymore. President Donald Trump ordered U.S. Treasury Secretary Scott Bennett in February to stop the production of 1-cent coins after Elon Musk's Department of Government Efficiency pointed out the cost of ...