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 ...

President Donald Trump has ordered the U.S. Treasury to end penny production, calling it “wasteful” — but the nickel may be the real problem. Trump made the call on Sunday while attending ...

Today, the penny has been deemed worthless. How long until they get rid of the nickel? The dime? The quarter? The way things are going, it's only a matter of time. This is why you want to have real ...

He couldn’t say if nickel usage would increase, but he did say that without the penny, cash transactions would be rounded to the nearest nickel.And the United States wouldn’t be the first to ...

Trump actually undersold the cost argument — pennies cost more than 3 cents to produce.But there’s a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the ...

O'Leary questioned. In fiscal year 2024, the U.S. had to pay $3.69 to make one penny, $5.76 to make a dime, $13.78 to make a nickel and $14.68 to make a quarter, according to the U.S. Mint.

President Donald Trump has ordered the U.S. Treasury to end penny production, calling it “wasteful” — but the nickel may be the real problem. Trump made the call on Sunday while attending the Super ...