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 ...

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

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

Donald Trump has declared on his Truth Social platform on Sunday that he wants to cease production of the U.S. penny, writing ...

President Donald Trump’s mission to slash federal spending has taken an odd turn as he revealed that the Treasury has been ...

When President Donald Trump announced his intention to eliminate the penny Sunday, he cited the rising cost of producing the coin. Data from the U.S. Treasury shows it’s not the only coin that costs ...

The penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the ...

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.

FARMINGTON HILLS, Mich. (FOX 2) - President Donald Trump said he wants the United States to stop producing pennies, saying it costs more than .2 cents to mint them. Gary Stewart owns US Coin Gallery ...

Published Feb. 9, 2025Updated Feb. 12, 2025 The curious trade came a little past 9 p.m. on Jan. 17 — a $1,096,109 bet less than two minutes after the soon-to-be president of the United States ...