President Donald Trump ordered U.S. Treasury Secretary Scott Bennett in February to stop the production of 1-cent coins after ...

Here’s a rundown of U.S. Mint production costs from the government’s latest fiscal year. Each penny costs nearly 4 cents — or ...

After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

The penny will soon be a thing of the past. The U.S. Treasury will soon stop minting the coin in early 2026. The decision ...

Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that ...

The U.S. Treasury Department announced that it will begin winding down production of the penny, ending more than 230 years of minting the 1-cent coin.

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

President Donald Trump directed the Treasury Department to stop producing pennies beginning in early 2026. Why? The penny ...

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

The U.S. Treasury Department confirmed Thursday it will phase out production of the penny, fulfilling Trump’s directive to ...

Coin production costs vary thanks to different raw metals used, complexity of their designs, labor needed and more. Many of those expenses have been on the rise — and the penny isn’t the only ...