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

Before the penny, for 64 years, Americans had the half-penny. But like the half-penny, the 1-cent coin has now outlived its usefulness.

The penny could soon become a thing of the past. President Trump has ordered the Treasury to stop minting new one-cent coins, ...

President Trump ordered the Treasury department to stop production of pennies. Here's how Americans are responding to the ...

President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of unsuccessful efforts to phase out the 1-cent coin. Advocates for ditching the ...

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 ...

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.

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.