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.

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

WASHINGTON, D.C. – Americans have a message for the penny: Good riddance. Around the country, people of all ages are ...

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

President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the economy will be okay without the coin.

President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of ...

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

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...

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