But if President Trump is going to stop production of the penny, he should ban the nickel, too ... In contrast, the smaller dime only costs 5.76 cents to produce. So a shift from pennies and ...
The disproportional cost of penny and nickel production isn’t a new issue ... the cost of producing nickels, dimes and quarters has also risen in recent years. In its annual report, the U.S ...
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 ...
O’Leary questioned. In fiscal year 2024, the US 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 US Mint.
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 ...