Trump on Feb 9 said he instructed Treasury Secretary to halt penny production. Trump gave instructions to Scott Bessent due to high cost of producing pennies. Trump announced the same on the Truth ...

Trucking’s main fuel bumped up a half-cent to $3.665, coming on the heels of a gain of just one-tenth of a cent. The two weeks prior were a 5.6-cent decline and an 11.3-cent increase.

He’s right — in fact, each US penny costs 3.7 cents to produce and distribute as of 2024. Pennies and nickels cost more than they were worth for the 19th consecutive fiscal year, according to ...

That's not just Trump's two cents. The Department of Government Efficiency (DOGE), took aim at the penny in a tweet the day after Trump's inauguration, saying they take over 3 cents to make and cost ...

Gas prices in Michigan rose 7 cents since last week, to $3.10 per gallon for regular unleaded gasoline, AAA- The Auto Club Group announced Monday. The price is3 cents more than a month ago yet ...

Trump actually undersold the cost argument - pennies cost more than 3 cents to produce. But there's a problem with his plan: Phasing out the penny could result in needing to make more nickels ...

In 2024, some 3.2 billion pennies were minted—more than 57% of all 5.61 billion coins produced last year. A penny saved is a penny earned: arguments for eliminating the one-cent coin The main ...

The cost of making a penny was nearly 3.7 cents in fiscal 2024, the 19th consecutive fiscal year the coin has cost above face value to make, according to the U.S. Mint’s annual report.

"The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023. The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 billion coins for circulation ...

Trump actually undersold the cost argument — pennies cost more than 3 cents to produce. But there’s a problem with his plan: Phasing out the penny could result in needing to make more nickels ...