“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social media site Truth Social. “This is so wasteful! I have instructed my ...

Doing so would save the government money, they say: Producing the coins costs a pretty penny—or three, rather, as minting a single cent came with a price tag of 3.69 cents in 2024. Given the ...

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. Advocates for ditching the penny cite ...

Trump on Feb 9 said he instructed Treasury Secretary to halt penny production. Trump gave instructions to Scott Bessent due to high cost of producing pennies. Trump announced the same on the Truth ...

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. Advocates for ditching the penny cite ...

The U.S. Mint now says the cost is 3.69 cents per coin and that it had a net loss of $85.3 million after spending about $117 million to ship 3.17 billion pennies in fiscal 2024. Another bill ...

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.“For far too long the United States has ...