Inflation has killed a lot of things. The penny might soon join the list.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all ...

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all ...

In a post Sunday on his Truth Social site, Trump said: "For far too long the United States has minted pennies ... H.R. 2817 was introduced to change the composition of coins to cheaper materials.

Data from the U.S. Treasury shows that it costs nearly 4 cents to produce a single penny and nearly 14 cents to produce a ...

Also at risk are cars and other vehicles, as the United States imports nearly half its auto parts from its northern and southern neighbors. A 25 percent tariff on Canada and Mexico will raise ...

U.S. code gives the Treasury Secretary the authority to mint and issue coins “in amounts the secretary decides are necessary to meet the needs of the United States.” If Treasury Secretary ...

Coin collecting is a serious pastime for some and a casual hobby for others, but it can also be an investment with high ...

In 2013, a commentary piece on the Brooking Institution website took things a step further, arguing for the US not only to stop making the penny but also to halt production of the nickel.