Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.

President Donald Trump has ordered the U.S. Treasury to stop minting the penny, reviving the debate over the future of ...

The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.

Phrases such as penny for your thoughts or stop being a ... In 2023, H.R. 2817 was introduced to change the composition of coins to cheaper materials. It was sent to the Committee on Financial ...

paying more than three cents to produce a penny and more than 11 cents for a nickel. That makes no cents when simply changing the composition of the coins could save more than $50 million a year." ...

Pennies sit in a bin at the U.S. Mint in Denver ... Decisions about the size, composition and discontinuation of U.S. coins have historically required congressional approval, the site said.