In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender. There are more than 100 billion pennies in ...

Why Trump is going after the penny 02:06. President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.

The United States Mint reportedly lost $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced. Stop minting new pennies – Trump tells US Treasury ...

The U.S. Treasury has announced the penny will not be produced after 2026. What does this mean for value and prices in the upcoming year?

“I have instructed my Secretary of the US Treasury to stop producing new pennies.” The U.S. Mint has been producing pennies since 1793. About 114 billion pennies are currently in circulation ...

In February, President Trump said he had directed the Treasury to stop minting new pennies, citing the rising production costs. "For far too long the United States has minted pennies which ...

The U.S. Treasury said on Thursday it is phasing out the penny and will soon stop putting new one-cent coins into circulation. The U.S. Mint, which produces the coins, made its final order of ...

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender.… ...