Trump's plan to scrap the penny spikes interest for coin collectors
Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint reported. Congress sets currency specifications, so it's unclear whether Mr. Trump has the power to eliminate the penny, but the president might be able to stop the Treasury from minting them.
As Trump aims to ax the penny, these are the coins that cost more than they're worth
Data from the U.S. Treasury shows that it costs nearly 4 cents to produce a single penny and nearly 14 cents to produce a nickel.
Trump orders Treasury to stop minting pennies: How much does it cost to mint a penny?
Trump orders Treasury to stop minting pennies. How much copper is in a penny? Here's how much it cost to mint a penny.
So Long, Penny! Trump Orders US to Ditch 1-Cent Coin After Decades of Complaints
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime. Advocates for ditching the penny cite its high production cost — currently almost 4 cents per penny,
Trump orders Treasury Department to stop producing new pennies
President Donald Trump said he wants to end the production of pennies, calling them “wasteful.” Each coin costs more than 3 cents to produce.
Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post Sunday night on his Truth Social site.
Billionaire Trump Says Time's up for Lowly US Penny
This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies," Trump wrote. "Let's rip the waste out of our great nation's budget, even if it's a penny at a time,
How Trump might get rid of the penny — and what could come next for your pocket change
Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.
Here’s a look at the history of the penny and why it could be going away
When the United States Mint was created in 1792, one of the first coins it made was the one-cent coin. The image on the first ...
US Mint has put billions of new pennies into circulation since 2023 | Fact check
There's no evidence the Mint ever claimed to have stopped penny production in April 2023. Its own data shows billions have been minted since then.
Making cents of it all: Here's how much a penny costs you
The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year. They aren’t the only expensive coin.
Without pennies, what becomes of penny loafers?
It was a question begging to be asked after President Trump ordered the U.S. Treasury to stop minting pennies: What would ...
Can the president really kill off the penny, and should he?
In the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny. Since ...
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A Penny Spurned: Does the Lesser Coin Still Make Sense?
The penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the ...
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No more pennies? Alliance coin shop owner says it should have been done years ago
"Even Canada in 2012 discontinued using the penny." How much is your penny worth? You could be sitting on thousands of dollars: A list of the most valuable pennies Trump said the cost to ...