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Trump's order to scrap penny doesn't make 'cents'
Trump's plan to scrap the penny spikes interest for coin collectors
Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint reported. Congress sets currency specifications, so it's unclear whether Mr. Trump has the power to eliminate the penny, but the president might be able to stop the Treasury from minting them.
Trump’s plan to eliminate the penny follows sharp drop in U.S. coin demand at Philadelphia mint
Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion coins since 2021.
Trump's order to scrap the penny doesn't make 'cents': Expert
As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.
Trump wants to eliminate penny
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.
Donald Trump wants to eliminate the penny after the U.S. lost $85 million last year
President Donald Trump’s penny proposal aims to kill off the coin that costs more money to produce than it’s worth.
President Trump's order is latest in the decades-long effort to eliminate the penny
President Trump became the latest U.S. president to say he wants to kill the penny. Both Republicans and Democrats have tried and failed for decades to get rid of America's one-cent coin.
13h
on MSN
Why Small Businesses May Absorb the Costs of Ending the Penny More Than Others
How would businesses be affected by Trump’s order to stop making cents? President Trump has ordered the U.S. Treasury to stop ...
2d
on MSN
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.
1d
Is Eliminating The Penny Equitable? Its Cost Taxpayers $250,000,000 Over The Past Two Years.
Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.
1d
on MSN
Is eliminating the penny a good idea? Other countries have already done it
President Donald Trump has ordered the U.S. Treasury to stop minting the penny, reviving the debate over the future of ...
6h
on MSN
Local coin shop discusses whether or not a stop to penny production would affect it’s value
Penny production could soon be no more after President Donald Trump announced Sunday that he has ordered the U.S. Treasury ...
2d
on MSN
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.
NBC Los Angeles
3d
What the end of the penny means for the economy, your piggy bank, and the way America prices items
President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the economy will be OK without the coin.
2d
on MSN
Trump takes aim at ‘wasteful' government spending by ordering end to penny production
The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce ‘wasteful’ ...
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