The United States Mint has issued the final order for 1 cent coin blanks, and production will cease thereafter

According to media reports such as the Associated Press, the US Treasury Department has confirmed that it will stop minting the penny. The US Mint has issued the last batch of blank coin orders, and will no longer produce them once they are depleted. The US Treasury Department stated that there are currently approximately 114 billion 1 cent coins in circulation in the United States, worth $1.14 billion, but the utilization rate of these coins is far below expectations. The 1 cent coin was one of the first coins minted by the United States Mint after its establishment in 1792.