Everything is making less cents.

The US Mint has placed its final order of penny blanks and will stop producing the coin

The US Mint is placing its final order for penny blanks and will halt production of the coin when those run out by early next year, a Treasury Department spokesperson confirmed Thursday.

The decision follows President Trump’s announcement in February that he had ordered the department to cease making metal Lincolns due to their high production cost.

“Let’s rip the waste out of our great nation’s budget, even if it’s a penny at a time,” Trump said at the time.

Over the past 10 years, penny production costs have soared from 1.3 cents per coin to 3.69 cents — increasing by 20% in fiscal year 2024 alone, the Mint said.

Concluding penny production is projected to generate immediate annual savings of $56 million, with further reductions expected from decreased facility usage and other changes as the coin is phased out.

Once there are no longer enough pennies in circulation, businesses will have to begin rounding consumer prices up or down to the nearest 5 cents — similar to what Canada did when it stopped producing its one-cent coin, according to the Wall Street Journal, which first reported the Treasury’s move.

Despite the penny’s minimal practical value, it remains the most widely printed coin in the US. The Mint reported making 3.2 billion of them last year — more than half of all new coins produced.

There are currently 114 billion pennies in circulation in the US, according to the agency.

Two bipartisan bills to end penny production have been introduced in Congress this session.

Sens. Mike Lee (R-Utah) and Jeff Merkley (D-Ore.) introduced the “Make Sense Not Cents Act” on May 1. A day earlier, Reps. Lisa McClain (R-Mich.) and Robert Garcia (D-Calif.), along with Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-NY), filed the “Common Cents Act.”

The penny was among the first coins produced when the US Mint was founded in 1792.

Since then, it has undergone several changes in design, sign and metallic composition — going from pure copper to a zinc-copper blend.

Abraham Lincoln’s face was first put on the coin in 1909 to mark the 16th president’s 100th birthday.