President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying ...

The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need ...

Data from the U.S. Treasury shows that it costs nearly 4 cents to produce a single penny and nearly 14 cents to produce a ...

As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla ...

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...

Each penny cost nearly $0.037 to make in 2024, an increase from $0.031 the previous year, according to the U.S. Mint.

The president's halt on "wasteful" penny production could cause the value of the rarest one-cent coins to surge.

Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion ...

The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.