US EditionThe Penny Costs Nearly 4 Cents to Make. Here’s How Much the US Spends on Minting Its Other Coins
- In February 2025, President Donald Trump ordered his administration to stop producing the one-cent penny in the United States.
- Trump’s order came amid concerns that pennies now cost nearly four cents to produce, with production costs rising sharply in 2024.
- The U.S. Mint has placed its final order for penny blanks and plans to cease new production once these are exhausted, confirmed by a Treasury official.
- Ending penny production is expected to save the Treasury $56 million annually in material costs, while minting a nickel costs nearly 14 cents per coin.
- Advocates support this move due to the penny’s limited utility and high cost, though some note its use in charity drives and await possible Congressional action to end it permanently.
84 Articles
84 Articles
U.S. Will Stop Minting Pennies Next Year
Those household hoards of pennies many consumers keep in jars, cups and other containers may one day become more useful after the U.S. Treasury stops producing the iconic coin next year. The post U.S. Will Stop Minting Pennies Next Year appeared first on Breitbart.
Associated Press News
The penny costs nearly 4 cents to make. Here's how much the US spends on minting its other coins
The impending “death” of the U.S. penny has spotlighted the coin’s own price tag — nearly 4 cents to make and distribute each, or quadruple its value.
U.S. Mint places final order to end penny production following Trump's order
Pennies lay in a pile July 6, 2006 in Des Plaines, Illinois. (Photo Illustration by Tim Boyle/Getty Images) OAN Staff James Meyers9:20 AM – Friday, May 23, 2025 The U.S. Mint has officially placed its final order of penny blanks and will stop production altogether by early next year, which is the end for one of... The post U.S. Mint places final order to end penny production following Trump’s order appeared first on Daily Truth Report • DailyTru…
Saying goodbye to a pretty penny
WIZMnews.com So much for a penny for your thoughts… The government yesterday announced they’re not going to make pennies anymore. Once their stock of penny blanks runs out, that’s it. It’s a penny pinching move, but since it costs three cents to make a new penny, it makes sense. That’s S-E-N-S-E. It could save about $56 million per year. The penny has had a good run since the US Mint began minting them more than 230 years ago. Unfortunatel…
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