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 ...

Cease production of the penny, let collectors gobble up what’s left of the 1 cent coin, and there will still be one eternally ...

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

Since Congress has failed to eliminate the penny in the past, Trump is trying to do so via a direct order to the Treasury ...

Eliminating the penny via a social media post, like President Donald Trump did,, isn't just legally dubious. It could cause ...

Donald Trump isn’t the first to dream about getting rid of lowest denomination US coin, nor is the US the only country to see ...

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

The U.S. government loses less than $10 million a month minting pennies. In theory, Congress could pass legislation eliminating the penny and requiring rounding within a month or two. The cost to the ...

His company, Portland Mint, sells old pennies in bulk — 40,000 pounds (18,100 kilograms) at a time — to investors angling to ...

US Stops Penny Production | US Coin Production News | US Cent Coin Production | Trump News | US News Trump on Feb 9 said he ...

President Trump claims he has instructed the U.S. Treasury Department to stop producing pennies, calling the 1-cent coin ...