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The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change.

In a Truth Social post, Trump pointed out that the minting of a penny costs more than the actual value of the coin.

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...

Key Points ・The U.S. Mint will no longer produce pennies due to rising costs, as each penny costs more than two cents to ...

Getting rid of the penny, which cost the government 3 cents each, could end up costing the Treasury Department money if it ...

As of fiscal 2024, the U.S. pays 2.72 cents to make each penny, according to the Mint. The counterargument used to be that a single penny would circulate many times through the economy, generating far ...

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

With President Donald Trump setting his sights on the U.S. Mint’s production of pennies, the penny debate has been given renewed attention.

President Donald Trump has ordered the U.S. Treasury to cease minting the penny coin in a bid to cut government spending, USA ...

The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla ...