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The Latest Breaking News from the US Mint

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

The impending “death” of the U.S. penny has spotlighted the coin’s own price tag — nearly 4 cents to make and distribute each, or quadruple its value

The Independent UK

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

The Independent UK

President Donald Trump and Elon Musk want to check if there is still gold in Fort Knox

‘It would be cool to do a live video walkthrough of Fort Knox!’ the Tesla billionaire, father of alleged 13, said on X

The Independent UK

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What to know about Fort Knox's gold depository

President Donald Trump says Elon Musk will be looking at Fort Knox, the legendary depository in Kentucky for American gold reserves, to make sure the gold is still there

The Independent UK

‘Stop making cents’ could be easier said than done - Roll Call

Momentum for a penny purge is building as Trump takes aim at the coin. But for decades, Congress has balked at efforts to kill off the cent.

Roll Call

Elon Musk's DOGE Targets US Gold Reserves: 'This Gold Is Property Of The American Public!'

Based on his interactions on X, including with Senator Rand Paul, Elon Musk will likely push DOGE to audit US gold reserves, with a focus on Fort Knox.

International Business Times UK

Why is Donald Trump discontinuing the penny?

The one cent coin costs more to produce than its value and is nearly obsolete in retail. But it has its supporters.

Al Jazeera

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Can the president really kill off the penny – and should he?

In the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny. Since the lowly penny in 2024 cost about 3.7 cents to make – meaning the government loses money on every coin – the announcement might seem practical at…

The Conversation

He’s not making any cents: Trump says to eliminate the penny

President Donald Trump promised to penny-pinch the federal budget if reelected. Turns out he meant that literally.

Fortune

Donald Trump's penny proposal would eliminate 1 in 2 coins minted in the U.S.—but nickels are the real villains

The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need more of them without pennies.

Fortune

Trump tells treasury to end ‘wasteful’ production of pennies

President says minting of low-denomination one-cent coins costs more than their face value, echoing Elon Musk

The Guardian - US

Trump To Slap 25% Tariffs on Steel and Aluminium, Halts Minting New Pennies To Cut Waste

Donald Trump's new 25% tariffs on US metal imports will impact countries like Canada, Brazil, and Mexico the most.

International Business Times UK

President Trump Orders Halt To Penny Production

President Trump directs Treasury to halt penny production due to high costs, aiming for fiscal responsibility and efficiency in government spending.

Top News

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The Independent UK

Republican senator goes to war on mascots designed to teach children about soil, pests and the US Mint

A bill banning the mascots is part of the government’s plan to cut $2 trillion in federal spending

Fortune

Elon Musk takes on his biggest challenge yet: Getting rid of the penny

According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.

Fortune

Why does America still use the penny? Senator asks Elon Musk to do something about it

Countries like Canada and Australia stopped producing one-cent coins more than a decade ago. Sweden was a first mover in 1972.

The Independent UK

Coin company accused of 9/11 ‘scam’ is selling $2 bills with Trump’s assassination fist pump on for $20

Company has sold at least seven variations of a $2 bill with Trump’s face, mugshot or likeness on it

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Space

Pennies to heaven: NASA launches 2 cents to space station

They say a penny doesn't go far these days, to which NASA has now added its two cents. Two pennies just lifted off for the International Space Station.

WEKU

The U.S. Mint releases new commemorative coins honoring Harriet Tubman

The designs featured on the coins honor Tubman's life and her work as an abolitionist and social activist. The coins include $5 gold coins, $1 silver coins and half-dollar coins.

The Guardian - US

Chunk of change: four charged with stealing millions of US dimes from truck

Defendants allegedly left coins scattered across parking lot after breaking into truck and taking 10-cent pieces worth $234,500

WEKU

Edith Kanaka'ole is the first Hawaiian woman to grace a U.S. quarter

"Aunty Edith," as she was known, helped revive the Hawaiian language, hula and chant.

Fortune

Thieves stole $100k in dimes from a truck in a Philadelphia Walmart parking lot

“There’s dimes all over the parking lot, all down the street,” Police Captain John Ryan said.

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