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In February, Trump instructed the Treasury Department to stop minting the low-value coins. “For far too long the United States has minted pennies which literally cost us more than 2 cents.

The Treasury Department said in a statement that the U.S. Mint, which it oversees, will stop producing new pennies once it runs out of blank templates used to make the mostly copper and zinc coins.

The Treasury Department recently placed its final order of penny blanks to print the one-cent coins, and meaning new pennies will stop being put into circulation around early 2026.