Does it cost more to produce a penny than it's worth? Yes, it costs more than one cent to produce a penny. According to the Federal Reserve, there are 114 billion pennies in circulation, making up ...

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 ...

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.