The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order for the coins, which will no longer be minted, though they will continue to be legal tender[17].

Eliminating the penny is expected to save $56 million a year, according to the Treasury spokesperson. “There are about 114 billion pennies currently in circulation in the U.S., but they are severely underutilized,” the spokesperson said.

The impending “death” of the U.S. penny has spotlighted the coin’s own price tag — nearly 4 cents to make and distribute each, or quadruple its value.

The penny’s run is coming to an end. First minted in 1792, it has been in circulation constantly. It wll be sunseted next year. Afterward, things that cost a penny must “round up” or “round down” to a nickel.

After more than 200 years, we bid farewell to our small-denominated currency that grew to become a symbol of thriftiness and luck.

The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.

No one knows style quite like Cole Haan does. The fashionable brand’s dress sneakers, travel shoes, and other kinds of footwear are always a hit, especially when they're on sale at Nordstrom Rack. That explains why the retailer is offering nearly 50% off these highly-rated Cole Haan loafers right now.