It’s unclear exactly how high demand would be for nickels in a penny-less world, but it’s likely that it would be higher than ...

Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion ...

Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.

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

As cashless payments continue to make up a greater share of transactions, the need for the 1-cent coin has diminished ... NBA buzzer-beaters, world-class soccer goals, or MLB home runs, our ...

There are arguments that removing the penny could save money, free up resources at ... most notably the rare bronze pennies minted during World War II. In 2019, one sold for more than $200,000 ...

Pity the poor penny. Amid a three-week torrent of executive orders that’s spawned lawsuits and tumult across the nation and world, President Donald Trump has ordered the U.S. Mint to put the pinch on ...

The idea of getting rid of a small denomination coin like the penny has seen success in other countries around the world. For example, Canada stopped making one-cent coins in 2012, while ...

Shy’s paper found that removing the one-cent coin would “reduce the burden of dealing with small change.” Similarly, Whaples’ ...

The same report suggested, however, that reducing penny production could save the Mint up to $100 million annually. For context, that’s less than 1% of the $2 trillion Elon Musk claimed DOGE ...