Trump Says Minting U.S. Pennies Is ‘Wasteful.’ Does Making Cents Really Make No Sense?
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social media site Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”
Common 'cents': Long Island businesses like Trump's plan to end penny production
"It can be a nuisance," an East Meadow diner manager said of trying to locate pennies to make change for customers.
Is the US going 'penniless'? Why Trump wants to halt production of the coins
Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to produce — leading to an $85.3 million loss in 2024 alone. The move follows a push by Elon Musk’s Department of Government Efficiency and mirrors similar decisions in Canada and Europe.
It takes nearly 4 cents to make a single penny. Here's why Trump wants them gone.
Trump says he'll order the Treasury Department to halt penny production to save money. Costly nickels, however, could cancel out savings.
Trump's order to discontinue the penny doesn't add up: Expert
As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.
Penny Pinching? Here's How Much It Costs to Mint a Cent
That's how much it cost the U.S. Mint to make a one-cent coin last year, up from 2.1 cents in 2021. In fact, the agency lost $85.3 million last year on the pennies it produced. But scrapping them could have downsides,
Making sense of the penny debate as Trump calls for halt in production
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. NBC News’ Brian Cheung explores the spirited debate over the penny and how its discontinuation would work logistically.
Goodbye to this classic US coin: This the reason why Donald Trump wants to stop minting new pennies
Donald Trump isn’t the first to dream about getting rid of lowest denomination US coin, nor is the US the only country to see ...
Donald Trump’s penny proposal would eliminate 1 in 2 coins minted in the U.S.—but nickels are the real villains
The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need ...
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.
The four coins to check in your holiday change that could be worth up to £2.9million
YOUR holiday change could be hiding a windfall and an expert has revealed the four American coins that could be worth up to ...
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Trump Says He Has Ordered Treasury To Stop Producing ‘Wasteful’ Pennies
The one-cent coin accounted for 54% of the 5.87 billion coins produced by the mint during this period. Is There Any Other Coin That Cost More Than Its Face Value? The nickel or five cent ...
How much does it cost to make a penny, and are we ‘losing’ money on other coins?
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
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5 Copper Coins Worth a Lot of Money
With few exceptions, copper coins in the U.S. mean one-cent pennies — usually those ... and many more are worth five or six figures. The value of copper coins, as in all coins, is based on ...