Trump ordered the Treasury Department to stop making pennies with a Feb. 10 sentence on his social media account that ...

Whether or not the penny will actually go away is yet to be seen, but there’s still time to begin a coin collection.

“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” he said in a post on his Truth Social platform. “Let’s rip the waste out of our ...

According to the latest annual report from the U.S. Mint, each penny costs 3.7 cents to make, including 3 cents for production costs, and 0.7 cents per coin for administrative and distribution costs.

U.S. Mint profit per penny made Source: U.S. Mint annual reports ... their laws to accommodate cash purchases. Stores would need new rounding policies for purchases made in cash.

New copper pennies vanished from circulation in 1982 — 73 years after the first Lincoln penny was minted. They were replaced by coins of mostly zinc thinly coated with copper. The solid copper ...