Trump Orders Treasury Secretary to Stop Minting Pennies
Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.”
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.
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.
Trump says the penny costs too much, orders Treasury to stop making them
U.S. laws give Secretary of the Treasury Scott Bessent the authority to make the coins he “decides are necessary to meet the needs of the United States,” and the 47th President’s order seems to believe the penny does not meet that standard any longer.
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.
How much do pennies cost to make? Here's what to know as Trump calls for pause on production
President Donald Trump wants to end minting the penny, calling it a waste of money. So how much does it cost to make? The U.S. Mint says 3.69 cents.
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,
Texas Public Radio6h
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.
Getting rid of the penny introduces a new problem: nickels
President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.
Government Efficiency Comes To The U.S. Mint
Take the survey here and don't forget to join the discussion in the WSB comments section.
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 ...