The U.S. Treasury Department will stop penny production by early 2026 after more than two centuries. Businesses will soon ...

Trump actually undersold the argument. According to the U.S. Mint's 2024 Annual Report, it actually costs closer to 4 cents ...

The U.S. Mint, which is the Treasury’s in-house coin producer, projects an annual savings of $56 million in reduced material costs. The penny, though worth only a cent, costs nearly 4 cents to make.

The government loses nearly three cents on every penny it mints. On a nickel, it loses nearly nine cents. More nickels would mean steeper losses. America could kill both the penny and the nickel, the ...

This decision comes after President Donald Trump directed the Treasury to stop making pennies in February 2025, citing cost ...

We may no longer be pinching pennies in the future. The U.S. Treasury says it is moving to halt production of the coin after ...

TRAVERSE CITY — The U.S. Department of Treasury has confirmed that the penny will be phased out of use beginning in 2026.

The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...

The US will stop minting pennies by early 2026 due to high production costs and limited use. Though still legal tender, the ...

I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time," Trump said on Truth ...

After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.