2 days ago · “The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023. The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 billion coins for ...

1 day ago · President Donald Trump is telling the Treasury Department to stop minting pennies, the iconic one-cent copper coin bearing the face of Abraham Lincoln. Shortly after departing Sunday's Super Bowl ...

2 days ago · “The process of discontinuing the penny in the U.S. is a little unclear. It would likely require an act of Congress, but the Secretary of the Treasury might be able to simply stop the minting of new pennies,” he said last month. Members of Congress have repeatedly introduced legislation taking aim at the zinc coin with copper plating.

1 day ago · Every penny cost nearly $0.037 — up from $0.031 the year before. The mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make.

1 day ago · President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent.

1 day ago · Every penny cost nearly $0.037 — up from $0.031 the year before. The mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make.

2 days ago · Trump Orders Treasury Secretary to Stop Minting Pennies. ... Penny proponents have also argued that eliminating the coin would effectively impose a one-cent sales tax on consumers, because prices ...

1 day ago · Every penny cost nearly $0.037 — up from $0.031 the year before. The mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make.

1 day ago · President Trump wants to end production of the penny; It takes about 3.7 cents to produce and distribute one penny; A 233-year run could be over.. President Donald Trump announced Sunday that he ...

1 day ago · A conservative estimate holds that there are 240 billion pennies lying around the United States — about 724 ($7.24) for every man, woman and child there residing, and enough to hand two pennies ...