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

The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year. They aren’t the only expensive coin.

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 ...

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 ...

According to the U.S. Mint, the cost of minting a single nickel is nearly 14 cents, almost three times the coin's face value and more than three-and-a-half times the cost of minting a penny.

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