The U.S. Mint made its final order of penny blanks, announcing a plan to stop producing the coin when that order is completed.
Reports indicate it costs more to make the penny than what it is worth — the U.S. Mint said it costs about 3.7 cents to make one penny.
The Treasury Department estimates savings to the tune of $56 million dollars.
Officials said businesses will need to begin rounding up or down to the nearest 5 cents.
