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.
How much do pennies cost to make? Here's what to know as Trump calls for pause on production
President Donald Trump wants to end minting the penny, calling it a waste of money. So how much does it cost to make? The U.S. Mint says 3.69 cents.
Trump says he has directed U.S. Treasury to stop minting new pennies, citing rising cost
Elon Musk's so-called Department of Government Efficiency raised the prospect in a post on X last month highlighting the penny’s cost.
Trump says he ordered 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 3.7 cents to produce.
Trump's order to discontinue the penny doesn't add up, expert says
As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the 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 ...
Trump is ‘right’ to order the US to ditch the ‘stupid’ penny, Kevin O’Leary says
President Donald Trump is one cent away from scrapping the US penny and ‘Shark Tank’ star Kevin O’Leary is agreeing with him.
So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints
The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald ...
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 ...
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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 ...
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.
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.
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).