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 ...

President Donald Trump wants to end minting the penny, calling it a waste of money. So how much does it cost to make? The U.S ...

Trump orders Treasury to stop minting pennies. How much copper is in a penny? Here's how much it cost to mint a penny.

Two cents can’t even get you a penny. President Trump’s newly minted Department of Government Efficiency has a shiny new target for its cost-cutting mandate — the United States penny which ...

In a post on X Tuesday night, the Elon Musk-run group pointed out that a penny now costs three cents to make - triple its value. That cost taxpayers a whopping $179 million in fiscal year 2023 ...

Billionaire Elon Musk's Department of Government Efficiency has a new target in its sights for trimming federal spending: the U.S. penny. In Tuesday X post, Musk's DOGE wrote that the U.S. spends ...

Elon Musk's Department of Government Efficiency is targeting one of the federal government's most notorious examples of waste: the penny. Getting rid of the penny would be an early test of DOGE's ...