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.

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

After more than two hundred years, the humble one-cent piece is on its way out due to production costs that significantly exceed its face value.

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 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 MoneyWatch.

By stopping the one-cent coin’s production, one official says the Treasury expects an immediate annual savings of $56 million in reduced material costs.