U.S. Mint Coin Circulation Set Layout

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.

The Associated Press on MSN · 4d

So long, penny! Trump orders U.S. to ditch 1-cent coin after decades of complaints

Only tradition explains our stubborn attachment to the penny. But sometimes traditions get ridiculous,” the Farmers’ Almanac said in its 1989 edition.

The Florida Times-Union · 4d

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.

Wall Street Journal · 4d

What Trump’s Plan to Stop Minting Pennies Means for Consumers

President Trump said Sunday he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to cut down on what he called wasteful government spending. His remarks revived a long-running debate over whether to get rid of the smallest denomination of U.

Associated Press · 4d

Trump says he has directed Treasury to stop minting new pennies

President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the coin.

Time5d

Trump Says Minting U.S. Pennies Is ‘Wasteful.’ Does Making Cents Really Make No Sense?

The penny was one of the first coins the U.S. Mint made shortly after its establishment ... An estimated 240 billion are in circulation, according to a 2024 New York Times Magazine article.

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Check Your Change: Six of the Most Valuable Coins in Circulation

Related: 10 Most Valuable Washington Quarters Collectors Dream About In 1976, the United States ... circulation, but there were about 1.5 million made as part of a proof set. Those proof coins ...

People en Español3y

Nina Otero-Warren Becomes First Latina to Get Printed on Official U.S. Coin, Circulation Kicks Off 2022

The United States Mint was created by Congress ... Latina descent featured on a U.S. coin, but she will also be one of two LGBTQ+ women featured in the 2022 set. Wong is credited as being ...

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