The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...
Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.
President Trump has halted penny production due to high costs, but experts say the coin isn’t disappearing. MOLINE, Ill. — President Donald Trump has ordered the minting of new pennies to stop, citing ...
As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.
The president's halt on "wasteful" penny production could cause the value of the rarest one-cent coins to surge.
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime.
Do pennies still have an economic or social function anymore? A D.C.-area economic expert shares his take, as President Donald Trump wants penny production to end.
Before the penny, for 64 years, Americans had the half-penny. But like the half-penny, the 1-cent coin has now outlived its usefulness.