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

For far too long the United States has minted pennies which literally cost us more than 2 cents,” the president said in a post on Truth Social.

CHARLOTTE, N.C. — On Sunday ... more to make a penny than it is worth. The mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make. It is unclear whether ...

The US operated a mint in Charlotte, North Carolina between 1838 and 1861 ... People must distinguish between coins minted in Dahlonega and Denver by looking at the date. Anything struck before 1906 ...

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 ...

A coin can be worth a ton of money -- a pretty penny, one might say -- if it's rare and has enough historical significance.