The federal government made its final order of penny blanks this month — the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

After over 200 years, the United States government plans to stop making new pennies, the Treasury Department told the Wall Street Journal.

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

The U.S. Treasury Department announced May 22 its decision to phase out the production of the one-cent coin, with no new pennies expected to enter circulation once the current inventory of blanks is depleted.

The US Mint will stop producing pennies after its final batch, anticipating an immediate annual savings of USD 56 million. Citing high production costs, President Trump ordered the cessation. While some advocate its discontinuation,

The United States Mint is ready to launch the next $1 coin in its American Innovation series, honoring NASA's retired space shuttle.

Everything is making less cents. The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year — marking the beginning of the end for one of the oldest continually printed money pieces in America,