The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump asked the agency to stop producing the coin that has been part of the ...

The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

The U.S. Mint’s annual report for 2024 found that a penny costs 3.69 cents to make. Its production resulted in a loss of $85 million for the Mint last year.

The U.S. government is no longer going to mint pennies, and soon cash retail transactions will be rounded to the nearest ...

The U.S. Mint will stop making pennies once its final supply of blanks is gone, following a Trump administration directive ...

The Washington Post reported that the Treasury placed its final order for blanks this month with expectations that it will ...

Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel.

Eliminating the penny is expected to save $56 million a year, according to the Treasury spokesperson. “There are about 114 ...

The U.S. Treasury Department will stop making new pennies, according to a statement on Thursday. The Wall Street Journal ...

The Treasury is phasing out production of the penny, a coin that has been in circulation for centuries, in a move that is expected to save $56 million each year.