The Department of Government Efficiency hinted it may be looking to eliminate the penny. Elon Musk's initiative says production of the coin is costing taxpayers millions of dollars.
According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.
A DOGE social media post details the cost of producing nearly valueless one cent coins, sparking speculation it may add pennies to its federal cost-cutting hit list.
Five more seven-figure coins were added to the record books, including 1927-D Saint-Gaudens at $3.84 million and 1798 Small Eagle $5 at $3 million ...
1926-S Lincoln Penny — $149,500 – Another Lincoln wheat penny, these are popular among collectors. If you have a mint bright ...
Learn about Costa Rica's new â‚¡500 coin commemorating the Annexation of the Nicoya Party. Discover its design, security ...
The use of cash has been declining in recent years, according to the Federal Reserve's 2024 report on consumer payments. Although the report doesn't specifically address penny usage, it notes that ...
India's historical currency pieces, ranging from cowrie shells to coins like the Half Anna, Durmi, and Paisa, reflect the ...
The official X account for DOGE, the reform department headed by billionaire Elon Musk, shared facts about penny production ...
While an average penny is worth a mere one cent, others are worth millions. Here's how to check if you have one.
Coin collection is big business for those who know what to look for. @huntcoinswithme recently posted a video on TikTok about ...