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Why is Donald Trump discontinuing the penny?
The one cent coin costs more to produce than its value and is nearly obsolete in retail. But it has its supporters.
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 ...
New York Magazine4d
How to Make Sense of Trump’s Plan to Stop Making Cents
Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the Treasury secretary to stop minting America’s one-cent coins.
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.