U.S. Mint plans to stop making the penny coin after Trump order. What does that mean for paying in cash? What to know before ...

President Donald Trump ordered U.S. Treasury Secretary Scott Bennett in February to stop the production of 1-cent coins after Elon Musk's Department of Government Efficiency pointed out the cost of ...

By stopping the one-cent coin’s production, one official says the Treasury expects an immediate annual savings of $56 million ...

An immediate annual savings of $56 million in reduced material costs is expected by stopping penny production, according to a ...

The government loses nearly three cents on every penny it mints. On a nickel, it loses nearly nine cents. More nickels would ...

The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year.

A Rockford coin collector says his penny sales have increased tenfold since President Trump first directed the Treasury Department to stop producing the penny earlier this year.

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

With penny production ending next year, coin collector Dave Ruppel explains which pennies might be worth more than one cent and how collectors should sort their collections.

Pennies will still be legal tender, but cash prices will soon be rounded up or down to the nearest nickel (which cost even ...

The cost of producing a single penny has already skyrocketed to about 4 cents, while consumers have mostly shifted to digital ...