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.

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

US President Donald Trump has ordered a halt to the minting of pennies, the coins denoting a cent of the dollar, over high ...

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 ...

Jerry Petros, the owner of Alliance Coins and Jewelry in Alliance, said the U.S. should have dumped pennies years ago.

With President Donald Trump setting his sights on the U.S. Mint’s production of pennies, the penny debate has been given renewed attention.

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 ...

President Donald Trump announced that the United States would cease minting pennies, calling the coin “wasteful.” “For far ...

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

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.