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 ...

The Treasury just placed its final order of penny blanks, all of which are expected to be minted by early 2026. Eliminating ... with the Treasury Department placing its final order of penny ...

When is the penny going away, and why? The Treasury Department’s pledge to stop minting new pennies by early 2026 comes after ... post to stop his agency’s production of the coins, saying ...

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the ...

The US Treasury Department has officially confirmed it will end production of the penny coin by early 2026, marking a significant shift in American currency policy after years of debate over the ...

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. government is phasing out production ... The Treasury made its final order of blank pennies this month and will stop putting one-cent coins into circulation by early 2026.

Treasury plans to phase out production ... department placed its final order for blank pennies in May, it said in a statement. It expects to stop putting new pennies into circulation by early 2026.

It's the end of an era. The penny will soon be a thing of the past. The U.S. Treasury will soon stop minting the coin in early 2026. The decision comes amid rising production costs and declining ...

The department ... to stop putting new pennies into circulation by early 2026. President Donald Trump in February directed Treasury Secretary Scott Bessent to cease production of the coin.