Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change.
Why Trump wants the Treasury to stop minting the penny
President Donald Trump ordered a halt in penny production to cut "wasteful" government spending, saying the coin costs more to make than it's worth.
Long time coming? Trump wants Treasury Department to stop producing pennies
For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!’ said President Trump
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.
A Penny for Your Thoughts: Denver Mint Target of Latest Donald Trump Order
Let’s rip the waste out of our great nation's budget, even if it’s a penny at a time,” President Donald Trump pronounced last night on Truth Social, even as he returned to Washington, D.C., from a pricey jaunt to the Super Bowl.
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.
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,
Trump wants to scrap pennies. What's that mean for Arizona's copper industry?
President Trump has ordered the government to stop making pennies, calling the coins "wasteful." Would Arizona, a ...
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Are pennies worth it? Trump's plan to scrap them didn't come out of nowhere
President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...
So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints
The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald ...
How to buy gold coins in 2025
It's easy to invest in gold coins in 2025, but some of your buying options could be better than others right now.
Government Efficiency Comes To The U.S. Mint
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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 ...
Trump takes aim at 'wasteful' government spending by ordering end to penny production
The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce 'wasteful' ...
It costs nearly four cents to make one penny. The nickel costs even more
President Donald Trump said he’s instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right — in fact, each US penny ...