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.

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).

“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 U.S. Treasury is discontinuing the penny, finalizing its last order for the coin due to its high production cost. Cash transactions will be rou

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

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

“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump posted on social media. “I have instructed my Secretary of the US Treasury to stop producing new pennies. Let's rip the waste out of our great nations budget, even if it's a penny at a time.”

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.