It’s curtains for the penny after more than two centuries in circulation

The U.S. Mint struck the final 1-cent coin that will be used as legal tender on Wednesday, six months after the Trump administration announced that it would stop producing pennies because the cost of making them is almost four times more than they’re worth.

From now on, the only new pennies the Mint releases will be collector versions that aren’t currency and will be produced “in limited quantities,” the agency said in a statement.

Treasury Secretary Scott Bessent and Treasurer Brandon Beach were at the U.S. Mint in Philadelphia when the coin press punched out the historic final penny, the agency confirmed.