As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla ...

(AP Video: Joseph Frederick) Freshly-made pennies sit in a bin at the U.S. Mint in Denver on Aug. 15, 2007. (AP Photo/David ...

The President took to social media to say he thinks we should stop minting new pennies, calling the 1-cent coin 'wasteful'.

Before the penny, for 64 years, Americans had the half-penny. But like the half-penny, the 1-cent coin has now outlived its usefulness.

There's no evidence the Mint ever claimed to have stopped penny production in April 2023. Its own data shows billions have ...

Back in 1857, Congress discontinued the half-cent and made the penny smaller to reduce the amount of copper needed, according to the U.S. Mint. In 2013, President Obama said: “Anytime we’re spending ...

Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion ...

Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to ...