NorthJersey.com7d
Is eliminating the penny a good idea? Other countries have already done it
The penny design included 'Liberty,' a 'Flying Eagle' and an 'Indian Head' The penny was originally made of pure copper and now made of a copper-coated zinc composition With rising production ...
UPI6d
Can Trump really kill off the penny -- and should he?
In the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny. Since the lowly penny in 2024 cost about 3.7 cents to make-- meaning the ...
Fox News8d
How Trump might get rid of the penny — and what could come next for your pocket change
President Donald Trump unveiled plans Sunday to halt production of the penny — but getting that initiative underway requires a few additional steps and possibly congressional approval.
Orange County Register5d
Here’s a look at the history of the penny and why it could be going away
In the U.S., it costs more than the face value to circulate certain coins like the penny and nickel. According to a 2024-dated report from the United States Mint, producing a single penny costs ...
Yahoo Finance8d
Getting rid of the penny introduces a new problem: nickels
he said in a post on his Truth Social platform. “Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” Trump actually undersold the cost argument ...
NBC News2d
As Trump aims to ax the penny, these are the coins that cost more than they're worth
When President Donald Trump announced his intention to eliminate the penny Sunday, he cited the rising cost of producing the coin. Data from the U.S. Treasury shows it’s not the only coin that c ...
CNN8d
It costs nearly four cents to make one penny. The nickel costs even more
He’s right — in fact, each US penny costs 3.7 cents to produce and distribute as of 2024. Pennies and nickels cost more than they were worth for the 19th consecutive fiscal year, according to ...
Business Insider27d
DOGE takes aim at the penny
Elon Musk's Department of Government Efficiency is targeting one of the federal government's most notorious examples of waste: the penny. Getting rid of the penny would be an early test of DOGE's ...
ABC News8d
Trump's order to scrap the penny doesn't make 'cents': Expert
The cost of making a penny has risen to more than twice the coin's face value. As part of his plan to cut alleged federal government waste, President Donald Trump is literally pinching pennies ...
The Hill8d
How much does it cost to make a penny, and are we ‘losing’ money on other coins?
(NEXSTAR) — In a move potentially foretold by the Department of Government Efficiency (DOGE), it seems the U.S. could be on the verge of ending penny production. President Donald Trump on Sunday ...
The Boston Globe5d
Penny for their thoughts? Coin collectors, dealers, imagine a cent-less world.
He knows that they’re hardly ever used in transactions anymore, the days of one-cent newspapers and penny candy long spent. He knows that our neighbors to the north ditched one-cent coins more ...