The Treasury Department is phasing out penny production by early next year after President Donald Trump ordered the government to halt the “wasteful” minting of the coins. 

The Treasury will stop making pennies by early 2026, which will require businesses to start rounding up or down to the nearest 5 cents, the agency confirmed to the Washington Examiner on Thursday morning. A spokesperson for the agency said the Treasury made its final order of penny blanks this month.