Expert warns of local impact after Trump orders treasury to stop minting pennies
President Donald Trump announced after the Super Bowl that he is ordering the Treasury Department to halt the minting of ...
Trump directs Treasury to halt penny production, sparking debate
President Donald Trump announced plans to instruct the Treasury Department to cease minting pennies, potentially ending the coin's 233-year history. The decisio ...
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Trump instructs Treasury to halt penny production
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. “For far too long ...
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 ...
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.