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Each penny cost nearly $0.037 to make in 2024, an increase from $0.031 the previous year, according to the U.S. Mint.

But does making cents really make no sense? Here’s what to know.

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin ...

Trump orders an end to US penny production, citing high costs. The US Mint lost $85.3M in 2024 alone. Will Congress approve ...

President Trump orders the U.S. Treasury to stop minting new pennies, citing rising production costs and wasteful spending.

President Trump says he has instructed the U.S. Treasury to stop producing new pennies, calling the minting of the coin a waste of money.

President Donald Trump has instructed the U.S. Treasury to stop producing pennies, citing wasteful costs. The decision, ...

According to the U.S. Mint, the production of nearly 3.2 billion pennies in the 2024 fiscal year resulted in a loss of $85.3 ...

President Donald Trump said he wants to end the production of pennies, calling them “wasteful.” Each coin costs more than 3 ...