President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin.

Trump's halt on "wasteful" penny production penny production could cause the value of the rarest one-cent coins to surge.

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

President Trump said Sunday that he has instructed Treasury Secretary Scott Bessent to "stop producing new pennies." Why it ...

“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...

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