The U.S. Treasury will stop minting pennies next year after 233 years. Retailers can still accept them, but will have to ...

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

President Donald Trump directed the Treasury Department to stop producing pennies beginning in early 2026. Why? The penny ...

Treasury plans to phase out production in 2026 Expects annual savings of $56 million Move comes amid cost concerns May 22 (Reuters) - The federal government is winding down production of the penny ...

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).

“Penny has increased servers’ time with customers by an average of 40 percent, and received customer satisfaction reviews of 95 percent. We are working diligently toward mass production of our ...

President Trump ordered the end of penny production in February, calling it wasteful. The move is expected to save $56 million annually in material and minting costs. LOS ANGELES - The U.S. Mint ...

The federal government made its final order of penny blanks this month − the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.

Last year marked the 19th consecutive year that the penny (and the nickel) “remained above face value” when it comes to production costs. Earlier this month, a bipartisan bill to halt penny ...