President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.

U.S. Mint plans to stop making the penny coin after Trump order. What does that mean for paying in cash? What to know before the change in Mississippi.

Change is coming for the penny as Treasury Department makes final order of the coin The U.S. Mint has produced the penny for 233 years.

U.S. Mint plans to stop making the penny coin after Trump order. What does that mean for paying in cash? What to know before the change in Mississippi.

The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.