"DOGE's proposal completely misses the mark, penny elimination would be a costly mistake," Weller told MarketWatch. "A better solution is to produce a cheaper nickel, addressing the real driver of ...

Contemplating the fate of the coin isn’t worth your time—and that's exactly the point, according to economists who say it’s high time to phase out the one-cent piece.

A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.

The cost to produce cents and five-cent coins continues to escalate well beyond face value, but the latest report from the ...

Rus Yusupov, who co-founded Vine in 2012, announced the launch of Vine Coin years after the short-form video app was ...

P resident Donald Trump has charged Elon Musk and his Department of Government Efficiency (DOGE) with slashing large portions ...

According to CNBC, the pennies in question – minted in 1983 - lack a mint mark, the designation on the face side of the coin ...

Donald Trump is in office, and he has signed an executive order to create DOGE – the Department of Government Efficiency — ...

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.