The United States pressed its final circulating penny on Wednesday, in a move made to save money as the one-cent coin denomination became less relevant over time.

The last coin was struck in Philadelphia by US Treasurer Brandon Beach, officially ending the circulating penny's 232-year production run.

"While general production concludes today, the penny's legacy lives on," said acting Mint director Kristie McNally in a statement.

For penny-pinchers -- slang for frugal types -- the coin will still remain legal tender, and there are around 300 billion pennies in circulation.

The end of production comes after President Donald Trump called on the Treasury in February to stop producing pennies, presenting it as an effort to slash government spending.

"For far too long the United States has

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