The U.S. Mint struck the final five U.S. pennies Wednesday afternoon, ending the country’s 232-year history of making one-cent pieces.

“All right everybody, this is the last one,” U.S. Treasurer Brandon Beach said before pushing the button that formed President Abraham Lincoln’s image on a gleaming planchet. “God bless America, and we’re going to save the taxpayers $56 million.”

The last pennies were struck at the mint in Philadelphia, where the country’s smallest denomination coins have been produced since 1793, a year after Congress passed the Coinage Act. Officials said the final few pennies would be auctioned off.

Pennies remain as a legal tender, but new ones will no longer be made where The last coin to be discontinued was the half-cent in 1857.

President Donald Trump ordered the penny's demise as costs climbed to nearly 4 cents per penny and the 1-cent valuation became somewhat obsolete. Billions of pennies remain in circulation, but they are rarely essential for financial transactions in the 21st century economy.