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

When the United States Mint was created in 1792, one of the first coins it made was the one-cent coin. The image on the first ...

Eliminating the penny via a social media post, like President Donald Trump did,, isn't just legally dubious. It could cause ...

Today the purchasing power of 10 pennies equals roughly what one penny was worth 50 years ago. In other words, the penny has lost 90% of its purchasing power. This devaluation is a failure of a ...

President Donald Trump has ordered the U.S. Treasury to stop minting the penny, reviving the debate over the future of America’s smallest coin.

President Trump wants to end production of the penny It takes about 3.7 cents to produce and distribute one penny A 233-year run could be over. President Donald Trump announced Sunday that he is ...

He’s right — in fact, each US penny costs 3.7 cents to produce and distribute as of 2024. Pennies and nickels cost more than they were worth for the 19th consecutive fiscal year, according to ...

Technically, Trump underreported how much the U.S. spends to mint a single penny. The average cost to make one penny rose to 3.69 cents in the last fiscal year, marking the 19th consecutive year ...

Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” It’s not the first time politicians have mulled the reform of the one-cent coin. “Anytime we’re ...

How much does it cost to make a penny? For fiscal year 2024, the annual U.S. Mint report said it takes about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.