Making change: Trump tells US Treasury to stop making pennies. What if we drop the penny?
President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional approval? What we know.
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.
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 “wasteful.” “For far too long the United States has minted pennies which literally cost us more than 2 cents.
End of the penny? Trump tells Treasury to stop minting the coin
Over the weekend, President Trump ordered the U.S. Treasury to stop minting pennies, citing wastefulness. The price of producing a single penny continues to rise, and it now costs almost 3.7 cents to produce a penny, up from 3.1 cents from the year before, according to The Associated Press.
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.
How much does it cost to mint a penny? Trump orders end of penny production
President Trump wants to end production of the penny It takes about 3.7 cents to produce and distribute one penny A 233-year run could be over. President Donald Trump announced Sunday that he is telling the Treasury Department to stop minting pennies,
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 more of them without pennies.
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 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.
Trump Orders End to Penny Production—Can He Actually Do It?
In a bold move to reduce government spending, Trump ordered an end to penny production, citing the rising cost of minting the coin. President Donald Trump announced that he has ordered the U.S. Treasury to cease production of the penny,
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.
Trump is ‘right’ to order the US to ditch the ‘stupid’ penny, Kevin O’Leary says
President Donald Trump is one cent away from scrapping the US penny and ‘Shark Tank’ star Kevin O’Leary is agreeing with him.
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A Penny Spurned: Does the Lesser Coin Still Make Sense?
The penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the ...
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 ...
Trump has made the penny his currency target - but it’s the nickel he should worry about
Trump has made the penny his currency target - but it’s the nickel he should worry about - Ending the penny could drive up ...
Goodbye to the penny: Trump eliminates penny coin to save millions, a golden opportunity for investors and collectors
The US might be saying goodbye to the beloved Penny... what benefits could the change bring for coin collectors?
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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These 12 Coins May Be Extinct, but They Are Worth Thousands Now
Unlike living creatures or fads, coins don't become extinct due to ecological changes, predators, overexposure or boredom.