Is the US going 'penniless'? Why Trump wants to halt production of the coins
Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to produce — leading to an $85.3 million loss in 2024 alone. The move follows a push by Elon Musk’s Department of Government Efficiency and mirrors similar decisions in Canada and Europe.
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Donald Trump isn’t the first to dream about getting rid of lowest denomination US coin, nor is the US the only country to see ...
President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...
The Repository on MSN4d
No more pennies? Alliance coin shop owner says it should have been done years agoJerry Petros, the owner of Alliance Coins and Jewelry in Alliance, said the U.S. should have dumped pennies years ago.
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
The Bitcoin price edged up a fraction despite higher-than-expected US CPI inflation data, but traders are buying this ICO for ...
Representative Mark Amodei has helped to introduce a bill that would change how coins are minted in an effort to make it more ...
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...
GOBankingRates on MSN18h
8 Rare Coins Worth Millions That Are Highly Coveted by Coin CollectorsYou could be sitting on some extremely valuable coins that could help you build wealth and not even know it. Check Out: 8 ...
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