Coin expert agrees with Trump's wish for US to stop making pennies due to cost
President Donald Trump wants the US to stop making pennies due to the high cost. At least one expert agrees, saying it's not worth the more than .2 cents it takes to mint them. Some Detroiters still appreciate the penny,
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.
Penny for your thoughts? Trump orders US Mint to stop making 1-cent coin. What to know
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.
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.
Trump says he has directed Treasury to stop minting new pennies
President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the coin.
How much does it cost to make a penny, and are we ‘losing’ money on other coins?
President Donald Trump on Sunday said that he had asked the Treasury Department to stop minting new pennies, calling them ...
1p and 2p coins will remain in use, No 10 insists after Trump scraps one cent
Downing Street has promised that 1p and 2p coins are not being phased out in Britain, after Donald Trump ordered the US ...
Government Efficiency Comes To The U.S. Mint
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Trump and His Family Earned Millions From Trump Coin While 810,000 Others Lost Money: Report
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What does DOGE stand for? What to know about Elon Musk-led government agency under Trump
Since taking office for his second term, President Donald Trump has issued a number of orders which included establishing the ...
Donald Trump Says He Told U.S. Treasury to Stop Making New Pennies, Calling the Coin 'Wasteful'
Following his appearance at the Super Bowl, the president wrote on his social media platform that he wished to "rip the waste ...