The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...

“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...

The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the ...

Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint ...

President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...

Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.

President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying ...

President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one ...

Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion ...

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.” ...

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.

Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.