That's how much it cost the U.S. Mint to make a one-cent coin last year, up from 2.1 cents in 2021. In fact, the agency lost $85.3 million last year on the pennies it produced. But scrapping them ...

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.

President Trump said Sunday he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to cut ...

For far too long the United States has minted pennies which literally cost us more than 2 cents,” the president said in a post on Truth Social.

The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald ...

With President Donald Trump setting his sights on the U.S. Mint’s production of pennies, the penny debate has been given ...

President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the economy will be OK without the coin.