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Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million. Would eliminating it be equitable? It Depends.

At the time, however, it cost 1.6 cents to produce one new penny, vastly less than what the U.S. is paying now, but enough to spur the government to do away with the coin.

RICHMOND, Va. (AP) — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he’s ordered his administration to ...

The U.S. mint penny struck the first one-cent coin 232 years ago. As of New Year's Day, there are an estimated 250 billion pennies in circulation in the United States, adding up to $2.5 billion.

This America makes room for MAGA hats, Proud Boys and Elon Musk’s salute The red MAGA hat has transformed into a symbol of the country’s willingness to absorb almost anything — any lie, any ...

Trump’s Cabinet And Key Jobs: Penny Schwinn, Matthew Lohmeier Among Latest Picks By Sara Dorn, Forbes Staff and Antonio Pequeño IV, Forbes Staff.

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 value of the 1-cent coin has been debated for decades.