Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint ...

President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of ...

Data from the U.S. Treasury shows that it costs nearly 4 cents to produce a single penny and nearly 14 cents to produce a ...

The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.

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).

U.S. code gives the Treasury Secretary the authority to mint and issue coins “in amounts the secretary decides are necessary to meet the needs of the United States.” If Treasury Secretary ...

"For far too long the United States has minted pennies which literally ... Canada stopped making one-cent coins in 2012. Australia stopped making both one- and two-cent coins in 1992.

So Long, Penny! Trump Orders US to Ditch 1-Cent Coin After Decades of Complaints RICHMOND, Va. (AP) — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere ...