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

President Donald Trump announced that the United States would cease minting pennies, calling the coin “wasteful.” “For far ...

Talks of discontinuing the penny have been ongoing since the late 1970s, when then-Secretary of the Treasury William E. Simon wrote a letter to lawmakers requesting that they “give serious ...