Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the Treasury secretary to stop minting America’s one-cent coins.
the president posted on Truth Social mid-game. “I have instructed my Secretary of the U.S. Treasury to stop producing new pennies. Let’s rip the waste out of our great nations [sic] budget ...
Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.
President Donald Trump’s penny proposal aims to kill off the coin that costs more money to produce than it’s worth.
One-cent U.S. coin known as the penny is shown in this illustration picture, after U.S. President Trump informed on his Truth ...