With President Trump now seeking to end the penny’s production, coin shops in the Valley are preparing for life without the penny.

He knows that they’re hardly ever used in transactions anymore, the days of one-cent newspapers and penny candy long spent. He knows that our neighbors to the north ditched one-cent coins more ...

The White House sees the move as a cost-cutting strategy, as the coin is more costly to produce than the exchange value it represents. The penny costs over 3 cents to make and cost US taxpayers ...

The decision isn't due to the penny’s usefulness, but rather the expense, with each one-cent coin costing more than three times its value to produce. Despite this action, one Moline coin shop ow ...

it shows where the coin was made. A D or S stamped on a coin shows whether it was minted in Denver or San Francisco. A P goes on coins made in Philadelphia, except for pennies. Those coins got a P ...

Amid the recent flurry of Trump's often contentious executive orders, he announced Sunday night that he'd ordered Treasury Secretary Scott Bessent to halt the production of the 1-cent coins ...

The average cost to make one penny rose to 3.69 cents in the last fiscal year, marking the 19th consecutive year the coin has “remained above face value,” per the latest U.S. Mint report.

Canada stopped making one-cent coins in 2012. Australia stopped making both one- and two-cent coins in 1992. South Africa stopped minting and distributing one-cent and two-cent coins in March 2002 ...

Doing so would save the government money, they say: Producing the coins costs a pretty penny—or three, rather, as minting a single cent came with a price tag of 3.69 cents in 2024. Given the ...

RICHMOND, Va. (AP) — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he’s ordered his ...

Despite childhood nostalgia associated with the coin, Rok, 70, said he agreed with Trump’s assessment that the penny simply costs too much. Many others agreed with him. USA TODAY spoke with ...