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 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
President Trump orders penny to stop being minted, U.S coin museum & Governor weigh in
President Donald Trump has ordered the production of U.S pennies to stop as of Sunday night. Now, Governor Jared Polis,
Trump Plan to Ditch the Penny Comes With Twist: It May Not Save Much
President Donald Trump’s order Sunday night to stop minting billions of pennies annually potentially comes with some unexpected costs.
So Long, Penny! Trump Orders US to Ditch 1-Cent Coin After Decades of Complaints
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime. Advocates for ditching the penny cite its high production cost — currently almost 4 cents per penny,
End of the penny? Trump tells Treasury to stop minting the coin
President Trump ordered the U.S. Treasury to stop minting pennies, citing wastefulness. The price of producing a single penny continues to rise, and it now costs almost 3.7 cents to produce a penny, up from 3.
Trump says the penny costs too much, orders Treasury to stop making them
The United States has moved into new and uncharted territory after President Donald Trump ordered the U.S. Mint to stop striking the lowly penny. Trump was attending the Super Bowl on Sunday night when he took to his Truth Social media platform to declare that the days of the 1-cent copper-colored coin had come to an end.
Local coin shop reacts to President Trump's order to stop minting new pennies
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.Ina post on his Truth Social
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Presidents on U.S. money: Who are on the coins and bills?
Discover the presidents on U.S. money. Like any nation, the United States uses its currency not only as a tool for commerce but also as a reflection of its heritage. The faces on coins and ...
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Feb. 10 - President Trump to stop U.S. production of pennies
President Donald Trump said late Sunday that he has ordered the U.S. Treasury Department to stop producing pennies.