It’s the end of an era for one of America’s most recognizable coins. After more than two centuries in circulation, the United States Mint has officially stopped making the penny. The penny, first introduced back in 1793, is finally being phased out. The U.S. Mint produced its final batch of one-cent coins this week, ending a 232-year run.

Officials say the move comes down to cost. It takes nearly four cents to make a single penny, and with inflation and metal prices on the rise, the government says continuing production just doesn’t make sense. Ending the penny could save taxpayers more than 50 million dollars a year.

But don’t worry, those jars of loose change on your dresser aren’t worthless. The Treasury Department says all existing pennies will remain legal tender, and they’ll stay in circulation for years to come.

For now, most stores will keep taking them, but eventually, cash transactions may round to the nearest nickel, something other countries like Canada and Australia have already done. So while the penny isn’t disappearing overnight, its days jingling in your pocket are officially numbered.