How Trump might get rid of the penny — and what could come next for your pocket change
President Donald Trump unveiled plans Sunday to halt production of the penny — but getting that initiative underway requires a few additional steps and possibly congressional approval. Additionally, while Trump said he instructed the Treasury Department to stop minting them due to their high costs,
Trump says the penny costs too much, orders Treasury to stop making them
U.S. laws give Secretary of the Treasury Scott Bessent the authority to make the coins he “decides are necessary to meet the needs of the United States,” and the 47th President’s order seems to believe the penny does not meet that standard any longer.
Trump orders treasury to halt penny production
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
How much does it cost to mint a penny? Trump orders end of penny production
The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla and SpaceX CEO Elon Musk, said that producing 4.5 billion pennies in Fiscal Year 2023 cost taxpayers more than $179 million.
Trump takes aim at the penny, says he’s told the US Treasury to stop making them
The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change through executive order and proclamation.
Trump instructs Treasury to halt penny production
President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent.
President Donald Trump tells Treasury Department to stop making pennies
President Donald Trump told the Treasury Department to stop making pennies, citing production costs. Super Bowl 2025: Patrick Mahomes Speaks Out on Kansas City Chiefs’ Loss to Philadelphia Eagles Star Wars: The Bad Batch Are going On A New Adventure In A Different Medium 'Lost all credibility': Nonprofit CEO delivers demand to Trump HHS amid 'failed' human trafficking hotline Our Editors Have Worn Hundreds of Watches,
Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post Sunday night on his Truth Social site.
Billionaire Trump Says Time's up for Lowly US Penny
This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies," Trump wrote. "Let's rip the waste out of our great nation's budget, even if it's a penny at a time,
Getting rid of the penny introduces a new problem: nickels
President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one ...
So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints
President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of ...
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No more pennies? Alliance coin shop owner says it should have been done years ago
Jerry Petros, the owner of Alliance Coins and Jewelry in Alliance, said the U.S. should have dumped pennies years ago.
A penny for their thoughts: Americans say ‘time to move on’ from the coin
WASHINGTON, D.C. – Americans have a message for the penny: Good riddance. Around the country, people of all ages are ...
How much does it cost to make a penny? Trump says too much
The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies ...
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Fox Valley neighors react to Trump's push to eliminate the penny
Fox Valley neighbors react to President Trump's decision to cut penny production. The U.S. Mint reported that it lost nearly ...
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Rare Lincoln Wheat Penny potentially worth up to $1.7 million could be in your change jar
The Lincoln Wheat Penny has been valued at an astonishing price, with some of the rarest versions of the coin rumored to be ...
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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 “wasteful.” “For far too long the United States has minted pennies which ...