The Trump administration has announced plans to discontinue minting new pennies, citing the cost of producing the 1- cent coins in relation to their value and importance in the U.S. currency system.

According to the Trump administration, the reason for the decision was to save federal money, “one penny at a time.” In 2024, ...

The U.S. Treasury will soon cease penny production, a change sparked by the disparity between the coin’s production cost and ...