Across the other coins — the dime, quarter, and half-dollar — the situation is much better. Per the latest U.S. Mint report, ...

Trump says he'll order the Treasury Department to halt penny production to save money. Costly nickels, however, could cancel out savings.

President Donald Trump said he’s instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right — in fact, each US penny ...

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.

The penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the ...

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.” ...

For about two decades, it has cost more to make and distribute than it is worth. Now, it is a target of Trump's federal cost-slashing efforts. Here is what we know so far. A new penny-pinching tactic?

But there's a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every ...

But there's a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every ...