As Trump aims to ax the penny, these are the coins that cost more than they're worth
Data from the U.S. Treasury shows that it costs nearly 4 cents to produce a single penny and nearly 14 cents to produce a nickel.
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.
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.
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.
Does Trump’s penny plan make cents? How ditching the hated coin would affect consumers
President Donald Trump promised to penny-pinch the federal budget if reelected. Turns out he meant that literally.
So long, penny! President 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.
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 costs 3.
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,
Trump says the penny costs too much, orders Treasury to stop making them
The United States has moved into new and uncharted territory after President Donald Trump ordered the U.S. Mint to stop striking the lowly penny. Trump was attending the Super Bowl on Sunday night when he took to his Truth Social media platform to declare that the days of the 1-cent copper-colored coin had come to an end.
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 ...
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.
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No more pennies? Alliance coin shop owner says it should have been done years ago
Jerry Petros, the owner of Alliance Coins and Jewelry in Alliance, said the U.S. should have dumped pennies years ago.
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.
The Penny Debate: Does Making Cents Make No Sense?
President Donald Trump doesn’t ever need a penny to offer his thoughts, and on Sunday during the Super Bowl, he shared his on ...