The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at retail stores, economists said.

President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional approval? What we know.

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.

President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.

President Trump said he has directed the Treasury Department to stop making new pennies, citing the rising cost of producing the one-cent coin.

The obvious answer is that a halt in production would increase value, but a local coin collector and antique store owner says it may not be that simple.

On Sunday night, President Trump announced on his Truth Social network his newest target for elimination: the penny. “For far too long the United States has minted pennies which literally cost us more than 2 cents.