Not having a penny to your name doesn’t have the sting it once did. At the Trump administration’s so-called Department of Government Efficiency, Elon Musk has revived the great penny debate ...

The coins were originally pure copper, but have been nearly 98% zinc since 1982 per JM Bullion. And zinc isn't as cheap as it once used to be. As a result, the penny's minting cost increased by 12 ...

The DOGE argument hinges on the amount it costs to produce and circulate the penny, which is more than three times the coin's face value. A penny's total unit cost last year was $0.0369 ...

Mumbai: In a significant ruling for property owners, Mumbai’s Co-operative Court has restrained a housing society from levying maintenance charges on a per-square-foot basis. The court directed ...

Billionaire Elon Musk-led Department of Government Efficiency has set its sights on an unexpected target: the U.S. penny, highlighting the coin’s staggering production costs that exceed its face ...

It is. Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the U.S. penny.DOGE said on X that the penny costs over 3 cents to make and cost U.S. taxpayers over $ ...

But the penny isn’t alone in its expensive ways—minting a nickel costs 14 cents, and with zinc prices soaring, the penny’s production costs have only risen, now topping 3.7 cents per coin, CBS News ...

Pennies are only worth one cent. "The penny costs over 3 cents to make and cost U.S. taxpayers over $179 million in FY2023," the message from DOGE read. "The Mint produced over 4.5 billion pennies ...