Penny wise: Trump says it’s time to stop making 1-cent coins
President Trump has instructed the Treasury secretary to stop making pennies, which he calls “wasteful.” “For far too long the United States has minted pennies which literally cost us more than 2 cents,” Mr. Trump posted Sunday night on Truth Social. “This is so wasteful!”
RICHMOND, Va. (AP) — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no ...
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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 ...
It’s unclear exactly how high demand would be for nickels in a penny-less world, but it’s likely that it would be higher than ...
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Cease production of the penny, let collectors gobble up what’s left of the 1 cent coin, and there will still be one eternally ...
The US might be saying goodbye to the beloved Penny... what benefits could the change bring for coin collectors?
President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...
The penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the ...
The U.S. Congress oversees the U.S. Mint, which is responsible for coin production. The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year.They aren’t the only ...
The United States wouldn’t be the first country to stop minting its 1-cent coin. New Zealand and Australia discontinued their pennies in 1989 and 1992, respectively. Canada discontinued its ...
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