President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...

No more pennies from heaven? Whether you're pinching pennies or penny smart and pound foolish, the U.S. is considering a penny drop. President Donald Trump wants the U.S. to stop making the coins.

The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year. They aren’t the only expensive coin.

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.