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Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a treasury department official confirmed thursday. President donald trump had told the treasury secretary, scott bessent, in february to stop minting the coins, which he said were wasteful, the bbc reported. The trump administration confirmed it's ending production of the penny after the cost of making it ballooned.
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After more than 200 years, the u.s The demise stems from an order in early february by president donald. Bids adieu to the penny, citing high production costs and shifting economic practices.
President donald trump announced sunday that he has instructed treasury secretary scott bessent to halt the production of pennies, citing the high cost of producing one cent.
In recent weeks, republican and democratic lawmakers introduced separate bills in the house of representatives and the senate calling for an end to penny production. The treasury department is winding down the production of pennies, after ordering a last batch of the blanks used to print the coins this month. The united states treasury has put in its final order of pennies, and production is expected to end early next year
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