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

A penny in 2024 cost 3.69 cents to make, up about 20% from 2023 due to the cost of materials, including zinc. Read more at ...

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

While there are arguments both in favor of keeping the penny and for ditching the small copper and zinc coins, one group may experience the end of the cent coin more acutely than others: small ...

As part of his plan to cut alleged federal government waste, President Donald Trump is literally pinching pennies, ordering ...

The penny, a staple of US currency since since 1793, costs more than 3 cents to make, costing the government a net loss of ...

Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...

Does it cost more to produce a penny than it's worth? Yes, it costs more than one cent to produce a penny. According to the Federal Reserve, there are 114 billion pennies in circulation, making up ...

President Donald Trump on Sunday said that he had asked the Treasury Department to stop minting new pennies, calling them “wasteful.” “For far too long the United States has minted pennies which ...

Trump is so determined to restore sanity to federal finances that he is leaving no stone unturned when it comes to looking ...