NEW YORK, May 22 (Xinhua) -- The U.S. Mint, a bureau of the Department of the Treasury responsible for producing coinage for the country, has made its final order of penny blanks and plans to stop producing the coin when those run out, a department official confirmed on Thursday.
"An immediate annual savings of 56 million U.S. dollars in reduced material costs is expected by stopping penny production," The Associated Press cited the official.
