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Trump's halt on "wasteful" penny production penny production could cause the value of the rarest one-cent coins to surge.

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President Donald Trump said he’s instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right — in fact, each US penny ...

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President ...

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

The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.

“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...