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How Much Does It Cost to Make a Penny? Treasury Department Makes Final Order of the Coin

Summary by The Montgomery Advertiser
President Donald Trump said in February that he instructed the Treasury Department to stop minting pennies.

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Despite its low value, the dollar pennies could be living their last days in the United States. The proposal to eliminate this historic currency takes strength from the White House with the support of President Donald Trump, who has asked the Treasury Department to suspend its manufacture. The main argument: each penny costs more to make than it really does. Indeed, the cost of production has risen dramatically in the last decade, going from 1.3…

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CBS News broke the news in on Sunday, June 1, 2025.
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