Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint ...

The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the ...

You've probably seen the oldest Lincoln pennies, the ones sometimes called wheaties, with the two sheafs of wheat on the back. Although they have a face value of only one cent, the most valuable wheat ...

“The year after Canada stopped minting new pennies, they were actually withdrawn from circulation,” Triest said. “It’s hard to say if that will happen here or not. In the ...

Now that the nation has a $1.3 trillion budget, lawmakers can resume debate about whether to pinch pennies. The threat to do ...

it’s very hard to get rid of things that don’t work so that we can then invest in the things that do,” he said at the time, though he added that ending the minting of coins “is not going ...

Before the penny, for 64 years, Americans had the half-penny. But like the half-penny, the 1-cent coin has now outlived its usefulness.