The American penny has been in circulation since 1792. It will be discontinued because it is too expensive to make.

The federal government made its final order of penny blanks this month — the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.

The American penny will begin its slow fade into non-existence as the government plans stop making the U.S. currency next year.

The federal agency placed its final order for penny blanks this month, with the United States Mint slated to end manufacturing of the penny when that runs out, a Treasury official told CBS ...

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

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