President Donald Trump promised to penny-pinch the federal budget if reelected. Turns out he meant that literally.

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.

There’s actually precedent for that. In 2020, the U.K.’s Royal Mint said it would stop producing 2p coins (as well as £2 coins) for a decade because there was an overabundance of them. The coins ...

President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of ...

Electronic purchases were still billed to the nearest cent. The move came after New Zealand, Australia, the Netherlands, and others dropped their lowest-denomination coins. After dropping the penny or ...

Electronic purchases were still billed to the nearest cent. The move came after New Zealand, Australia, the Netherlands, and others dropped their lowest-denomination coins. After dropping the ...

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...

About 1.5 million people, approximately 2.6 per cent of adults ... Canada, Ireland, Australia and New Zealand have all taken steps to get rid of their smallest coins.

At least three other countries have gotten rid of their smallest coin denominations: Canada, New Zealand and Australia ... it costs about 13.78 cents to mint each 5-cent coin.