Trump wants to scrap pennies. What does that mean for the copper industry?
The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the ...
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 ...
Getting rid of the penny introduces a new problem: nickels
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.
Is Eliminating The Penny Equitable? Its Cost Taxpayers $250,000,000 Over The Past Two Years.
Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.
Can the president really kill off the penny – and should he?
The U.S. government loses less than $10 million a month minting pennies. In theory, Congress could pass legislation eliminating the penny and requiring rounding within a month or two. The cost to the ...
What the end of the penny means for the economy, your piggy bank, and the way America prices items
President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the economy will be OK without the coin.
What the end of U.S. penny production means for your wallet
Say goodbye to penny candy and penny loafers — the United State’s Mint was ordered by President Trump to stop producing pennies Sunday. It’s a debate that’s rolled around for decades. The reason makes ...