The Treasury Department is phasing out penny production by early next year after President Donald Trump ordered the government to halt the “wasteful” minting of the coins. The Treasury will stop ...

The Treasury Department has pledged to stop producing the penny by early next year. Here's why — and what becomes of your one ...

The Trump administration plans to end production of the penny after the cost of making it ballooned and it became increasingly useless as currency. Why it matters: The U.S. Mint reported losing $85.3 ...

The Treasury Department is phasing ... follows Trump’s directive in early February that ordered Treasury Secretary Scott Bessent to end penny production, arguing that the cost to create a ...

President Donald Trump directed the Treasury Department to stop producing pennies beginning in early 2026. Why? The penny ...

However, pennies will still be around. In the past, the U.S. has stopped minting certain coins, yet they have remained legal ...

The U.S. Treasury Department has taken a large step toward officially eliminating the one-cent coin, ordering its final batch ...

The U.S. Treasury Department expects penny production to fully end when its stock of materials runs out in 2026.

Got a piggy bank full of pennies? The small currency will soon be a thing of the past, but don't think you are sitting on a ...

Even after production stops, pennies will remain legal tender in the U.S. That means businesses can accept them for payment, ...

President Donald Trump ordered the Treasury Department to wind down the production of pennies ... pledged it will stop minting pennies early in 2026. However, pennies will still be around.