They argue the penny’s absence would negatively affect poor people, who deal in cash transactions more than ... coinage ...

President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one ...

The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.

President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the economy will be okay without the coin.