“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...

The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...

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 ...

What did Trump say about pennies? Trump called the coins “wasteful” in that they cost more to produce than they’re worth, in ...

President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...

Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.

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

President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.” ...

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.

Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.

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.