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.
Check your salary here Making change: Trump tells US Treasury to stop making pennies. What if we drop the penny? According to the U.S. Mint, Congress is the body that approves every coin it produces.
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.
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