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Friday, December 5, 2025

Trump announces plan to stop making new pennies, citing production costs

President Trump announced Sunday that he is telling the Treasury Department to stop minting pennies, ending a 233-year run of the 1-cent coin. The penny, one of the first coins made by the U.S. Mint after its establishment in 1792, now costs more than two cents to produce, Trump said in a post on …

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