Trump Tells U.S. Treasury to Stop Minting Pennies
President Trump called the minting of the coin a waste of money, reviving a longstanding debate about getting rid of the penny.
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.
Trump directs Treasury to stop minting new pennies, citing cost
The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.
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 says he ordered 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 3.7 cents to produce.
How much does it cost to mint a penny? Trump orders end of penny production
The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla and SpaceX CEO Elon Musk, said that producing 4.5 billion pennies in Fiscal Year 2023 cost taxpayers more than $179 million.
Trump Orders Treasury to Stop Minting New Pennies Due to High Cost: "This is wasteful!"
The United States Mint reported a loss of $85.3 million in the fiscal year 2024 on the nearly 3.2 billion pennies it produced. The countless changes being made by Donald Trump in the United States are also affecting something that has not been touched for decades,
Trump says he has instructed US Treasury to stop minting new pennies: 'This is so wasteful!'
President Trump announced on Sunday night that he plans to eliminate the manufacturing of pennies, which cost more than they are actually worth.
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.”
Trump orders Treasury to stop ‘wasteful’ production of pennies
In a Truth Social post, Trump pointed out that the minting of a penny costs more than the actual value of the coin.
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.
The Daily Mining Gazette2d
Mint ordered to stop making pennies
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...
Few Mourn the US Penny as Trump Moves to Kill It
One-cent U.S. coin known as the penny is shown in this illustration picture, after U.S. President Trump informed on his Truth ...