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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.

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

Downing Street has promised that 1p and 2p coins are not being phased out in Britain, after Donald Trump ordered the US ...

It's easy to invest in gold coins in 2025, but some of your buying options could be better than others right now.

Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to ...

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.

Let’s rip the waste out of our great nation's budget, even if it’s a penny at a time,” President Donald Trump pronounced last night on Truth Social, even as he returned to Washington, D.C., from a ...

Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...

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

The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce ‘wasteful’ ...

President Donald Trump’s mission to slash federal spending has taken an odd turn as he revealed that the Treasury has been ...