When President Donald Trump announced his intention to eliminate the penny Sunday, he cited the rising cost of producing the coin. Data from the U.S. Treasury shows it’s not the only coin that c ...

He’s right — in fact, each US penny costs 3.7 cents to produce and distribute as of 2024. Pennies and nickels cost more than they were worth for the 19th consecutive fiscal year, according to ...

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 is ...

he said in a post on his Truth Social platform. “Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” Trump actually undersold the cost argument ...

Trump said in a Truth Social post Sunday. "Let's rip the waste out of our great nations budget, even if it's a penny at a time." The one-cent coin was one of the first made by the U.S. Mint more ...

On the flip side, the group Americans for Common Cents says getting rid of the penny would actually cost the government more money, because there’d be more demand for nickels, and those are even ...

The latest sees him unveil the Breds — but with a twist. The kicks feature a piece of tape "serendipitously" placed across the Nike swoosh. The tape refers to Nike's "Banned" campaign ...

RICHMOND, Va. — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he’s ordered his administration ...

Shortly after departing Sunday's Super Bowl game in New Orleans, the president took to his Truth Social site and said that the penny now costs more than two cents to produce. It's one of the ...

(NEXSTAR) — In a move potentially foretold by the Department of Government Efficiency (DOGE), it seems the U.S. could be on the verge of ending penny production. President Donald Trump on Sunday ...