It would likely require an act of Congress, but the Secretary of the Treasury might be able to simply stop the minting of new pennies," Triest explained.

Should you cash in your pennies? The small currency will soon be a thing of the past, but don't think you are sitting on a ...

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin.

President Donald Trump says he directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the coins.

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender. There are more than 100 billion pennies in ...

President Donald Trump says he directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the coins.