That same penny can then transfer that same amount of wealth to new recipients with no added production cost. It does this over and over. Because of its durability, one penny may represent the ...

THE PRESIDENT CITED THE RISING COST OF PRODUCING THE ONE-CENT COIN. THE U-S MINT SAYS IT LOST MORE THAN 85-MILLION DOLLARS LAST YEAR ON NEARLY 3 BILLION PENNIES. EACH PENNY COST A LITTLE LESS THAN ...

“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 — pennies cost more than 3 cents to produce.But there’s ...

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. Nickels cost about 13.8 cents to make in 2024, despite them being ...