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.
So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime.
Trump’s plan to eliminate the penny follows sharp drop in U.S. coin demand at Philadelphia mint
Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion coins since 2021.
Are pennies worth it? Trump's plan to scrap them didn't come out of nowhere
President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The value of the 1-cent coin has been debated for decades.
President Trump's order is latest in the decades-long effort to eliminate the penny
President Trump became the latest U.S. president to say he wants to kill the penny. Both Republicans and Democrats have tried and failed for decades to get rid of America's one-cent coin.
It takes nearly 4 cents to make a single penny. Here's why Trump wants them gone.
Trump says he'll order the Treasury Department to halt penny production to save money. Costly nickels, however, could cancel out savings.
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 re-elected. Turns out he meant that literally.
Trump's order to discontinue the penny doesn't add up: Expert
As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.
Trump promised no new pennies — here’s how that would work
The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...
Trump directs Treasury to stop minting new pennies, citing cost
The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies ...
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Exclusive-Trump's Meme Coin Made Nearly $100 Million in Trading Fees, as Small Traders Lost Money
NEW YORK - Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in ...
Trump’s Washington Embraces Crypto With Meme Coins and Black-Tie Galas
The capital is embracing the crypto crowd with President Trump’s return to office, marking a reversal of the Biden ...
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.
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Trump directed the U.S. Treasury to stop making new pennies
One of the smallest coins in your pocket could be a thing of the past as President Donald Trump directed the U.S. Treasury to ...