The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...

As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion ...

Elon Musk's DOGE may look to audit the U.S. government's gold reserves as conspiracy theories circulate about gold missing ...

Canada did away with its one-cent coin more than a decade ago. It could offer insight into what the U.S. may be on the verge ...

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 ...

Federal officials have proposed suspending the ... as it's not the only coin that costs more to mint than it's worth. The U.S. Mint's 2024 annual report noted that it spends about 14 cents to ...

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.” ...

The penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the ...

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).