Republican lawmakers in Congress are forging ahead with President Donald Trump’s plan to end the production of pennies.

The decision to halt penny production didn’t come as a surprise to those in the coin-collecting world. “I really thought we’d stop years ago to stop doing the penny.

One-cent U.S. coins known as the penny are shown in this illustration picture, after U.S. President Trump informed on his Truth Social media account that he instructed the Secretary of the US ...

What does the demise of the penny mean for consumers and collectors? Could the last pennies be valuable? Here's what we know. MIA Money: $1.7 trillion sits in lost and forgotten 401 (k) accounts.

It costs 3.69 cents to make a penny, whose value is just one cent, according to the U.S. Mint’s fiscal 2024 report. Last year alone, the penny’s production resulted in a loss of $85 million ...

The nickel is the most expensive coin to produce over face value, as Dempsey says it costs around 13 cents to make a nickel. Does the penny going out of circulation mean that the collection value ...

The current penny in production, expected to finish in early 2026, is made of 97.5% zinc and 2.5% copper and costs 3.69 cents to make, far exceeding its value. However, the penny has gone through ...

After 233 years of production, the U.S. Treasury Department announced that the production of the penny will come to an end, and soon, the only ones available will be pennies currently in circulation.

There are around 240 billion pennies in circulation in the U.S. currently, so the chances of any given penny being one of these valuable coins is around 1 in 8.8 billion.

While a wind-down plan for the use of the penny hasn’t officially been released, it may be similar to the process followed in Canada, which parted ways with its penny in the early 2010s for the ...