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penny, Treasury Department and coin

The penny costs nearly 4 cents to make. Here’s how much the US spends on minting its other coins

Here’s a rundown of U.S. Mint production costs from the government’s latest fiscal year. Each penny costs nearly 4 cents — or $0.0369, to be exact — for the U.S. Mint to make and distribute.

ABC News on MSN · 1d

Treasury Department to phase out the penny after Trump says the coin no longer makes 'cents'

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using pennies at its overseas bases in 1980 because it became too expensive to ship them.

USA TODAY on MSN · 1d

Change is coming for the penny as Treasury Department makes final order of the coin

The federal government made its final order of penny blanks this month — marking the first step to end the production of the one-cent coin, a spokesperson for the U.S. Department of the Treasury confirmed to USA TODAY.

16mon MSN

US to halt penny production: Will it remain legal tender?

The US Treasury may soon halt the production of the US penny at their national mints, according to a recent announcement. The ...

Wilmington Star-News on MSN12h

With the penny going away, what should you do with the ones in your coin jar?

Coinstar converts $3 billion in coins into spendable cash every year, one coin jar at a time. The average jar yields $58 in ...

What's next for the penny? The details on US decision to end penny production

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

15hon MSN

US is ending penny production: How will you be impacted?

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

US Mint Moves Forward With Plans to Kill the Penny

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out ...

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