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U.S. Treasury Department to Stop Penny Production Starting in 2026
President Donald Trump directed the Treasury Department to stop producing pennies beginning in early 2026. Why? The penny costs 3.7 cents to make, according to the U.S. Mint, and it reported losing $85.3 million from producing pennies at more than they’re worth in the 2024 fiscal year that ended in September.
The Treasury just placed its final order of penny blanks, all of which are expected to be minted by early 2026. Eliminating ...
After over 200 years, the United States government plans to stop making new pennies, the Treasury Department told the Wall ...
The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.
The U.S. Treasury Department confirmed last week that penny production will cease in early 2026, and while cashless payment ...
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.
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