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.
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.
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’s plan to eliminate the penny follows sharp drop in US coin demand at Philadelphia mint
Congress, the Supreme Court, the central bank, the President's House — all national institutions that graced Philadelphia when it was the nation's capital in the 1790s — left long ago for Washington,
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.
Trump wants to end penny production; will it affect consumers?
President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.
President Trumps pause of penny production renews long-simmering conversation about the one cent coin
Before President Trump, President Obama was the last to make a strong argument for doing-away with the penny. The latest penny pinch is about the price of production. At 3.7 cents a piece, pennies are rarely used,
Trump and His Family Earned Millions From Trump Coin While 810,000 Others Lost Money: Report
Donald Trump and early investors have earned millions from $TRUMP coin while 813,294 wallets have registered $2 billion in ...
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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?
In a move potentially foretold by the Department of Government Efficiency (DOGE), it seems the U.S. could be on the verge of ...
How to buy gold coins in 2025
It's easy to invest in gold coins in 2025, but some of your buying options could be better than others right now.