New legislation - the Common Cents Act - was introduced this week to eliminate the production of pennies, which the Treasury ...

The Common Cents Act was introduced April 30 ... By the numbers: The U.S. Mint reported losing $85.3 million in the 2024 fiscal year on the nearly 3.2 billion pennies it produced.

FILE - Production of coins at the United States Mint in Denver. A bin holds blank shapes that will be turned into pennies. (Photo by: Jim West/UCG/Universal Images Group via Getty Images) ...