The time of the penny is coming to a close. The U.S. Treasury Department placed its last order of blanks, flat metal discs used to make pennies, in late May. President Donald Trump told the mint to stop making pennies back in February, calling the 1-cent coin that costs 3.69 cents to make "wasteful".

After 233 years in circulation, the U.S. government is finally phasing out the penny. According to a Treasury Department spokesperson, the U.S. Mint has made its last purchase of penny blanks and will halt production of the coin once that supply is exhausted, likely by early next year.

The penny is outdated and inefficient and no longer serves the needs of our economy,” said Sen. Kirsten Gillibrand, the New York Democrat. But the bill could push the nation down a slippery slope. “So,

With the penny going away after 2025, will the last edition of the coin have more value than typical pennies? Questions remain regarding the coin.

The U.S. Treasury Department made its last order of penny blanks last month. These 1-cent coins cost 3.7 cents to mint.

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