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

In 2024, the U.S. Mint reported it cost 3.7 cents to make each one-cent coin, an increase from 3.1 cents the year prior. To produce 3.2 billion pennies last year (worth $32 million) it cost the ...

“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 ...

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 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 Treasury Department says it's soon planning to stop minting pennies. The copper-colored coins have been in production for more than 200 years, but cash of all kinds is less popular for making ...

In a cost-cutting move, the Treasury Department will soon stop minting new pennies. The one-cent coins will still be legal tender. There are more than 100 billion pennies in circulation but many ...

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.… ...