Data from the U.S. Treasury shows that it costs nearly 4 cents to produce a single penny and nearly 14 cents to produce a ...
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime.
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...
President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.
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 obverse, or heads-side, which is common to all of the coins in the American Innovation series, features the Statue of Liberty in profile. Created by artist Craig Campbell, the obverse also ...