Phrases such as penny for your thoughts or stop being a penny-pincher may have to change — pun intended. President Trump said Sunday he told the U.S. Treasury Department to stop minting pennies.

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 ...

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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 ...

"Penny (or 3 cents!) for your thoughts." Rising production costs have spurred other countries to eliminate small-denomination coins. Canada stopped making pennies in 2012, and Australia stopped ...

says it may be time to start keep an eye on another coin in your piggy bank: the nickel. "It's the nickel we should worry about," Throckmorton said. It takes three cents to make a penny ...

WASHINGTON, Feb 9 (Reuters) - U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President Donald Trump said in a posting on his ...

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