Canadians are saving $11 million every year because of the penny, a Canadian official told Newsweek. Could the U.S. follow?
Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US penny.DOGE said on X that the ...
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 ...
Trump created DOGE and has given it a mandate to cut government spending. Musk has said that the agency is looking to trim $500 billion in government spending. The penny is worth only 1 cent and its ...
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 ...
The respondents' answers to the January 17, 2025, Numismatic News E-Newsletter Readers' Poll vary with some relying on dealers and others purchasing authenticated coins.