In a Truth Social post, Trump pointed out that the minting of a penny costs more than the actual value of the coin.

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...

Key Points ・The U.S. Mint will no longer produce pennies due to rising costs, as each penny costs more than two cents to ...

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Getting rid of the penny, which cost the government 3 cents each, could end up costing the Treasury Department money if it ...

President Trump ordered the Treasury Department to stop making new pennies because the government loses money on them, he ...

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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).

With President Donald Trump setting his sights on the U.S. Mint’s production of pennies, the penny debate has been given renewed attention.

President Donald Trump has ordered the U.S. Treasury to cease minting the penny coin in a bid to cut government spending, USA ...