President Trump claims he has instructed the U.S. Treasury Department to stop producing pennies, calling the 1-cent coin ...

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President Trump said he has instructed the Treasury to stop minting new pennies, highlighting excess costs in production.

But does making cents really make no sense? Here’s what to know.

Does it cost more to produce a penny than it's worth? Yes, it costs more than one cent to produce a penny. According to the Federal Reserve, there are 114 billion pennies in circulation, making up ...