Critics express concerns about the financial impact of eliminating the penny, particularly as the U.S. Mint incurs greater losses on nickel production, costing nearly 14 cents per coin.

ST. JOSEPH COUNTY, Ind. (WSBT) — Local coin shops are preparing for the end of an era as pennies will no longer be produced. The Treasury Department ordered its last batch of blanks this month ...

The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday. CNN values your feedback 1.

WASHINGTON — The Trump administration says making cents doesn't make sense anymore. The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out ...

Trump has ordered the Treasury to stop minting pennies because their production cost exceeds their value. (Intriguingly, it's the same for nickels.) ...

And, like the penny, the nickel has also seen recent price jumps — with the latest 14 cent cost up 19.4% from the 2023 fiscal year, when its cost sat under 12 cents.

New York — The impending “death” of the U.S. penny has spotlighted the coin's own price tag — nearly 4 cents to make and distribute each, or quadruple its value.. Months after President ...

The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.