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 Trump called the minting of the coin a waste of money, reviving a longstanding debate about getting rid of the ...

The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, ...

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

Canada did away with its one-cent coin more than a decade ago. It could offer insight into what the U.S. may be on the verge ...

There's no evidence the Mint ever claimed to have stopped penny production in April 2023. Its own data shows billions have been minted since then.

The treasury secretary added that DOGE's efforts could eventually lead to “several percent of GDP that we are saving.” ...

Can a penny saved finally be truly worth it? Collectors are asking that question this week after President Trump ordered the U.S. Treasury Department to stop minting the penny. "For far too long ...

President Donald Trump announced after the Super Bowl that he is ordering the Treasury Department to halt the minting of ...

Now he has set his sights on the humble penny. The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the coins. That followed an ...

President Trump aims to halt penny production due to high costs. We asked coin collector Jock Summers, does the penny still ...

President Donald Trump announced plans to instruct the Treasury Department to cease minting pennies, potentially ending the coin's 233-year history. The decisio ...