One big reason is the expense: It costs the US about 3.7 cents to make a penny, according to the Mint’s 2024 annual report. The Mint struck 3.2 billion of them last year, more than half of all the ...

(NEXSTAR) — Weeks after the Department of Government Efficiency (DOGE) set its sights on the penny, President Donald Trump called on the Treasury Department to stop minting new one-cent coins ...

Canada did away with its one-cent coin more than a decade ago. It could offer insight into what the U.S. may be on the verge of doing.

June, too, plans to go to the bank to get a few 2025 rolls, “just for the heck of it.” Matthew Johnson, the founder of Tufts’ coin club, is one of those enthusiasts who filled up his penny ...

The most recent report from the U.S. Mint shows it costs roughly 3.69 cents to make one penny ... the half-cent coin. The U.S. could also turn its eyes to the north for advice. Canada parted ...