How much does it cost to make a penny, and are we ‘losing’ money on other coins?
President Donald Trump on Sunday said that he had asked the Treasury Department to stop minting new pennies, calling them ...
CNN4d
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 ...
Dallas Morning News3d
How much does it cost to make a penny? Trump says too much
But Elon Musk’s Department of Government Efficiency raised the prospect in a post on X last month highlighting the penny’s cost. The U.S. Mint reported losing $85.3 million in the 2024 fiscal ...
USA Today4d
How much do pennies cost to make? Here's what to know as Trump calls for pause on production
Now, it is a target of Trump's federal cost-slashing efforts. Here is what we know so far. A new penny-pinching tactic?Elon Musk's DOGE says getting rid of the penny could cut costs Need a break ...