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.

"For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful ... Canada stopped making one-cent coins in 2012. Australia stopped making ...

In a post Sunday on his Truth Social site, Trump said: "For far too long the United States has minted pennies which literally cost us more than 2 cents ... composition of coins to cheaper materials.

Trump's halt on "wasteful" penny production penny production could cause the value of the rarest one-cent coins to surge.

President Donald Trump has ordered the US treasury to stop minting pennies due to their high production costs, aligning with ...

The US Mint incurs significant losses from producing pennies and nickels, prompting this decision despite legal uncertainties surrounding executive power to eliminate coins. Check out our live ...

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

“For far too long the United States ... 2 billion pennies were minted—more than 57% of all 5.61 billion coins produced last year. A penny saved is a penny earned: arguments for eliminating the ...

President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying ... to meet the needs of the United States.” If Treasury Secretary ...