U.S. Mint Printing Money

Hosted on MSN · 1d

Trump's order to discontinue the penny doesn't add up: Expert

As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

USA Today · 3d

How much does it cost to mint a penny? Trump orders end of penny production

The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla and SpaceX CEO Elon Musk, said that producing 4.5 billion pennies in Fiscal Year 2023 cost taxpayers more than $179 million.

Firstpost · 3d

Is the US going 'penniless'? Why Trump wants to halt production of the coins

Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to produce — leading to an $85.3 million loss in 2024 alone. The move follows a push by Elon Musk’s Department of Government Efficiency and mirrors similar decisions in Canada and Europe.

The Washington Post on MSN · 2d

Trump promised no new pennies — here’s how that would work

The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at retail stores, economists said.

Fox Business · 2d

Trump wants to end penny production; will it affect consumers?

President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.

14h

US Mint has put billions of new pennies into circulation since 2023 | Fact check

There's no evidence the Mint ever claimed to have stopped penny production in April 2023. Its own data shows billions have been minted since then.

3don MSN

Trump says he has directed US Treasury to stop minting new pennies, citing rising cost

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...

2don MSN

Donald Trump’s penny proposal would eliminate 1 in 2 coins minted in the U.S.—but nickels are the real villains

The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need ...

3don MSN

The cost of money: President Trump denounces the penny for being wasteful. How much does it cost to print dollars and make coins?

The President took to social media to say he thinks we should stop minting new pennies, calling the 1-cent coin 'wasteful'.

22hon MSN

Trump’s plan to eliminate the penny follows sharp drop in U.S. coin demand at Philadelphia mint

Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion ...

How much does it cost to make a penny, and are we ‘losing’ money on other coins?

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

3don MSN

So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints

President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of ...

KTVU FOX 2 San Francisco on MSN3d

Will pennies become more valuable if US stops manufacturing them?

Before the penny, for 64 years, Americans had the half-penny. But like the half-penny, the 1-cent coin has now outlived its usefulness.

3don MSN

How Trump might get rid of the penny — and what could come next for your pocket change

Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.

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