Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint ...

On Sunday, President Donald Trump announced on social media platform Truth Social he has directed the Treasury Department to stop producing new pennies, saying. “For far too long the United States has ...

The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the ...

But when President Donald Trump issued an order to stop minting the penny entirely, I couldn't help but wonder what role that ...

President Donald Trump has ordered the U.S. Treasury to stop minting the penny, reviving the debate over the future of ...

So the copper industry can shrug off Trump’s move, which economists have long called a no-brainer because each penny costs ...

Local coin collector David Holcomb said they’d been expecting the move for some time. He says 2024 pennies could become an ...

Nour Ismail, a cashier at the All-Star Deli & Grocery in Manhattan, says the handful of pennies tossed into the bodega's tip ...

The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...

While there are arguments both in favor of keeping the penny and for ditching the small copper and zinc coins, one group may experience the end of the cent coin more acutely than others: small ...

Trump is so determined to restore sanity to federal finances that he is leaving no stone unturned when it comes to looking ...

Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.