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.
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.
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.
Trump Orders Treasury to Ditch the ‘Wasteful’ Penny Coin
President Donald Trump’s mission to slash federal spending has taken an odd turn as he revealed that the Treasury has been instructed to stop minting pennies. In a post on Truth Social on Sunday night,
Trump wants to end penny production; will it affect consumers?
President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.
President Trumps pause of penny production renews long-simmering conversation about the one cent coin
Before President Trump, President Obama was the last to make a strong argument for doing-away with the penny. The latest penny pinch is about the price of production. At 3.7 cents a piece, pennies are rarely used,
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Goodbye to this classic US coin: This the reason why Donald Trump wants to stop minting new pennies
Donald Trump isn’t the first to dream about getting rid of lowest denomination US coin, nor is the US the only country to see ...
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No more pennies? Alliance coin shop owner says it should have been done years ago
Jerry Petros, the owner of Alliance Coins and Jewelry in Alliance, said the U.S. should have dumped pennies years ago.
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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 ...
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Request a quote today! Below we show the top 10 most popular currency conversions for sending money abroad... Sending Australian Dollars to United States AUD USD 0.6287 Australian Dollars to ...