The average cost to make one penny rose to 3.69 cents in the last fiscal year, marking the 19th consecutive year the coin has “remained above face value,” per the latest U.S. Mint report.

It's one of the first coins made by the U.S. Mint since it was established in 1792. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so ...

WASHINGTON (AP) — 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. “For far too long the ...

It is unclear whether Trump has the power to unilaterally eliminate the lowly one-cent coin. Currency specifications — ...

The debate over whether to continue making lower-denomination coins has gone on for years, particularly as costs to produce them have steadily risen. The cost to produce and distribute pennies and ...

including the 3 cents for production costs, and 0.7 cents per coin for administrative and distribution costs. But each nickel costs 13.8 cents, with 11 cents of production costs and 2.8 cents of ...

Here’s a bit more on what might transpire, including the potential impact for Arizona, a major copper-producing state: Trump called the coins “wasteful” in that they cost more to produce ...

Shortly after departing Sunday's Super Bowl game in New Orleans, the president took to his Truth Social site and said that the penny now costs more than two cents to produce. It's one of the first ...