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 making pennies
President Trump announced Sunday that he asked the Treasury Department to stop producing pennies, calling the 1-cent coin wasteful. He said in a Truth Social post that he told Treasury Secretary Scott Bessent to end minting the small-value coins with former President Abraham Lincoln’s image on them.
Billionaire Trump says time's up for lowly US penny
U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President Donald Trump said in a posting on his Truth Social media account on Sunday.
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.
12 Most Valuable Pennies in Circulation as Trump Stops Production
Trump's halt on "wasteful" penny production penny production could cause the value of the rarest one-cent coins to surge.
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.
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.
Trump says time's up for lowly US penny
U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny.
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.
How much does it cost to make a penny? Trump says too much
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 ...
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President Trump announced Sunday that he asked the Treasury Department to stop producing pennies, calling the 1-cent coin ...
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Donald Trump has risked the ire of the most superstitious people in the US by announcing the abolition of the penny. The ...
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How to Make Sense of Trump’s Plan to Stop Making Cents
Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the ...
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Rare Lincoln Wheat Penny potentially worth up to $1.7 million could be in your change jar
The Lincoln Wheat Penny has been valued at an astonishing price, with some of the rarest versions of the coin rumored to be ...