Trump wants to scrap pennies. What does that mean for the copper industry?
The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the coins. That followed an assertion by Elon Musk of the Department of Government Efficiency that halting production might save the government around $180 million annually. Here’s a bit more on what might transpire.
Trump promised no new pennies — here’s how that would work
The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at retail stores, economists said.
Trump's plan to scrap the penny spikes interest for coin collectors
Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint reported. Congress sets currency specifications, so it's unclear whether Mr. Trump has the power to eliminate the penny, but the president might be able to stop the Treasury from minting them.
Donald Trump wants to eliminate the penny after the U.S. lost $85 million last year
President Donald Trump’s penny proposal aims to kill off the coin that costs more money to produce than it’s worth.
Video: Trump stops production of pennies
Trump stops production of pennies President Trump has stopped the production of pennies after the U.S. Mint reported losing $85 million dollars making 3 billion pennies last year. Americans for Common Cents,
Trump Penny-Killing Plan Stirs Hope of Profit, 20 Tons at a Time
His company, Portland Mint, sells old pennies in bulk — 40,000 pounds (18,100 kilograms) at a time — to investors angling to ...
Trump orders Treasury to stop minting pennies: How much does it cost to mint a penny?
Trump orders Treasury to stop minting pennies. How much copper is in a penny? Here's how much it cost to mint a penny.
Here’s a look at the history of the penny and why it could be going away
When the United States Mint was created in 1792, one of the first coins it made was the one-cent coin. The image on the first ...
Is eliminating the penny a good idea? Other countries have already done it
President Donald Trump has ordered the U.S. Treasury to stop minting the penny, reviving the debate over the future of ...
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Trump’s order to end minting of pennies will save taxpayers millions without much impact on Arizona copper mines
Trump’s halt to minting of pennies won’t harm Arizona copper industryMost copper mined in the U.S. comes from Arizona. But ...
Trump's Plan To Ditch Pennies — Pros & Cons For Businesses and Customers
It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are ...
Long Island Business News2d
Cantor: For my two cents: It’s time for the penny to go
As President Trump seeks to downsize the cost of the U.S. Government, let me add my two cents to the effort; or to be more ...
Making pennies is a money-loser. Making nickels is worse.
Inflation has killed a lot of things. The penny might soon join the list.
Making cents of it all: Here's how much a penny costs you
The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year. They aren’t the only expensive coin.
Common cents to keep the Lincoln penny
It was Theodore Roosevelt — a lifelong admirer of Abraham Lincoln — who ordered the U.S. Mint to introduce copper pennies ...