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

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

The U.S. Mint on Thursday said it has ordered the last batch of pennies after President Donald Trump ordered the elimination of the little-loved one-cent coin.

The U.S. Treasury Department announced May 22 its decision to phase out the production of the one-cent coin, with no new pennies expected to enter circulation once the current inventory of blanks is depleted.

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at NerdWallet. Both NerdWallet and Bankrate offer tip sheets on exchanging coins for cash. Most banks will take an account holder's coins for free, Bankrate reports, but not all, and you may need to roll the coins yourself.

The United States Mint is ready to launch the next $1 coin in its American Innovation series, honoring NASA's retired space shuttle.

The U.S. Mint took top honors in "Best Circulating Coin" at the 2025 Mint Directors Conference for the work on the Jovita Idár issue in the American Women quarter dollar series.

There is currently no official plan to recall pennies, and financial institutions are expected to continue accepting them. While pennies will remain legal tender, they will gradually disappear from circulation, which is expected to impact product pricing.