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.

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. Treasury Department will stop penny production by early 2026 after more than two centuries. Businesses will soon round cash transactions to the nearest nickel while the government expects to ...

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

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 ...

The Treasury Department has pledged to stop producing the penny by early next year. Here's why — and what becomes of your one-cent coins.

The U.S. Mint and Treasury Department have confirmed that the penny is on its last legs as the former recently made its final ...

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

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 ...

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

Chase, Bank of America, and Wells Fargo eye digital dollar as U.S. plans to end penny production. Here's what that means for ...

The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.