The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...
President Donald Trump has ordered the U.S. Treasury to stop minting new pennies because of the cost, calling the nearly four cents it takes to create a one-cent coin “wasteful.” ...
Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.
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