Does it cost more to produce a penny than it's worth? Yes, it costs more than one cent to produce a penny. According to the Federal Reserve, there are 114 billion pennies in circulation, making up ...

President Donald Trump has ordered the U.S. Treasury to end penny production, calling it “wasteful” — but the nickel may be ...

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

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.

President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.

President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of ...

According to the U.S. Mint, the production of nearly 3.2 billion pennies in the 2024 fiscal year resulted in a loss of $85.3 ...

The U.S. Treasury estimates it costs mints, like the one in Denver, nearly four cents to make the one cent coin.

Local coin collectors welcome the decision, while economists say it may not be as cost-saving as you think.

It is unclear whether Trump has the power to unilaterally eliminate the lowly one-cent coin. Currency specifications — ...

Some businesses are sharing their two cents about President Trump directing the treasury department to stop minting new ...