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 ...

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

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

The federal government is winding down production of the penny coin following a bipartisan effort to nix the ...

The Treasury Department said Thursday it’s planning to end production of the penny in an effort to phase out one of the ...

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.

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 ...

The U.S. government announced that it will soon halt production of the one-cent coin, citing ballooning manufacturing costs, as each penny now costs nearly four times its face value to produce.

Minting pennies just doesn't make much cents anymore. President Donald Trump ordered U.S. Treasury Secretary Scott Bennett in February to stop the production of 1-cent coins after Elon Musk's ...

The end of penny production, reported earlier by The Wall Street Journal, comes a few months after President Trump ordered the Treasury Department to stop producing them as a cost-saving measure ...

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).