The Mint lost 2.69 cents per coin, or $85.3 million in total, on penny production in 2024, the report noted. Check Out: 4 Kennedy Half Dollar Coins That Are Worth Up to $150K Read Next ...

Despite the president’s directive to end penny production, the lowly coin has lots of time left. Some 240 billion pennies are in circulation.

Whether or not the penny will actually go away is yet to be seen, but there’s still time to begin a coin collection.

Fiscal year 2024 marked the 19th consecutive year that the penny (and the nickel) “remained above face value” when it comes to production costs. It’s unclear if Trump is hoping the country ...

For the sake of argument, let’s assume no one challenges the order to kill off production of the penny. A big problem remains. Even if the US stopped making pennies, they’d remain legal tender ...

President Donald Trump’s plans to end penny production have opened the door for ... made and evaluating our currency as a reflection of us and our ideas. Our money is how we choose to represent ...

DAYTONA BEACH, Fla (AP) — Cease production of the penny, let collectors gobble up what’s left of the 1 cent coin, and there will still be one eternally glued to Dale Earnhardt’s old ...