Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” It’s not the first time politicians have mulled the reform of the one-cent coin. “Anytime we’re ...

President Donald Trump is telling the Treasury Department to stop minting pennies, the iconic one-cent copper coin bearing the face of Abraham Lincoln. Shortly after departing Sunday's Super ...

President Trump wants to end production of the penny It takes about 3.7 cents to produce and distribute one penny A 233-year run could be over. President Donald Trump announced Sunday that he is ...

Today the purchasing power of 10 pennies equals roughly what one penny was worth 50 years ago. In other words, the penny has lost 90% of its purchasing power. This devaluation is a failure of a ...

A handful of coins taken out of circulation, in the nation's history, for a variety of reasons. HOUSTON - Australia, New Zealand, Canada, and several European countries have already retired their one ...

President Trump said Sunday he would instruct the US Treasury to stop minting the one cent piece, which has long been a target for elimination among those aiming to lessen the amount of money ...

WASHINGTON — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. "For far too long the United ...

How much does it cost to make a penny? For fiscal year 2024, the annual U.S. Mint report said it takes about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.