The U.S. Congress oversees the U.S. Mint, which is responsible for coin production. The penny, whose face value is a modest 1 ...

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

It found the penny to cost 3.7 cents to produce, so every penny costs around four pennies to make! While pennies are the focal point of conversation, nickels, dimes and quarters have also risen in ...

Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.

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

And according to a 2014 U.S. Mint report: “There are no alternative metal compositions that reduce the manufacturing unit cost of the penny below its face value.” Producing pennies also takes ...

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 ...