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.
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.
Trump has directed US Treasury to stop minting new pennies, citing rising cost
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin
End of the penny? Trump tells Treasury to stop minting the coin
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.
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.
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.
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 ...
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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 ...
How much does it cost to make a penny, and are we ‘losing’ money on other coins?
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
Coinbase expected to see 109% YoY revenue increase for Q4 — Coin Metrics
Digital asset researcher Coin Metrics expects Coinbase to report some $2B in revenue for Q4 2024 following a sharp uptick in ...
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This Rare Bicentennial Quarter Has Nearly $20K Value — Plus 7 More Worth Thousands
People of a certain generation will remember the year-long bicentennial celebration of 1976, when the United States celebrated ... a series of bicentennial quarters to commemorate the event ...
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First 2025 quarter dollars available in bags and roll sets
The U.S. Mint is now selling Uncirculated examples of the first American Women quarter dollar of 2025, featuring Ida B. Wells ...
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 ...
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 ...