Trump says he 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.
Trump Says Minting U.S. Pennies Is ‘Wasteful.’ Does Making Cents Really Make No Sense?
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social media site Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”
The end of the penny? Trump pushes to halt production
Trump orders an end to US penny production, citing high costs. The US Mint lost $85.3M in 2024 alone. Will Congress approve the change?
Trump asks Treasury to stop minting pennies
The US Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.
Trump directs US Treasury to stop minting new pennies because of 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.
Trump says he has directed Treasury to stop minting new pennies, citing cost
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin.
Trump orders 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 more than 3 cents to produce.
Trump announces plan to stop making new pennies, citing production costs
President Donald Trump announced he is directing the treasury secretary to stop the production of pennies as a cost-cutting measure.
New York Magazine4h
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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6 Valuable Half-Cent Coins Worth Their Place in History
Although most people have never had one in their pocket change, the half-cent used to be a common coin in the US. It was actually one of the first coins ever minted and continued being ...
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Half-Dollar Home Run: Check Out This $1.5 Million Coin and 4 More Worth Well Over 50 Cents
However, some of the most valuable 50-cent pieces sell to coin collectors for thousands or even millions of dollars. The 1797 draped bust half dollar coin was the final draped bust design on ...