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 coins. That followed an assertion by Elon Musk of the Department of Government Efficiency that halting production might save the government around $180 million annually. Here’s a bit more on what might transpire.
Lohud.com, Westchester County on MSN6h
Trump wants the U.S. to stop producing pennies. Would it make sense to do so?For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump ...
Each penny cost nearly $0.037 to make in 2024, an increase from $0.031 the previous year, according to the U.S. Mint.
Coin values fluctuate, but it's worth checking your coin jars for this rare penny. Who knows? You could be a millionaire.
Trump’s halt to minting of pennies won’t harm Arizona copper industryMost copper mined in the U.S. comes from Arizona. But ...
The fashion world pondered the future of the iconic shoe after learning that a presidential order might eliminate the penny.
There’s actually precedent for that. In 2020, the U.K.’s Royal Mint said it would stop producing 2p coins (as well as £2 coins) for a decade because there was an overabundance of them. The coins ...
3h
Donald Trump isn’t the first to dream about getting rid of lowest denomination US coin, nor is the US the only country to see ...
The Repository on MSN2d
No more pennies? Alliance coin shop owner says it should have been done years agoJerry Petros, the owner of Alliance Coins and Jewelry in Alliance, said the U.S. should have dumped pennies years ago.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback