The United States Mint has placed the last order for one-cent coin blanks and will cease production thereafter.

According to reports from multiple media outlets, the U.S. Department of the Treasury has decided to stop producing the one-cent coin. The United States Mint has placed the final order for coin blanks, and will not continue production thereafter. It is reported that there are currently about 114 billion one-cent coins in circulation in the United States, with a total value of $1.14 billion, but their usage rate is far below expectations. Historically, the United States Mint first minted such coins in 1792.