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.
Trump’s plan to eliminate the penny follows sharp drop in U.S. coin demand at Philadelphia mint
Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion coins since 2021.
End of the penny? Trump tells Treasury to stop minting the coin
President Trump ordered the U.S. Treasury to stop minting pennies, citing wastefulness. The price of producing a single penny continues to rise, and it now costs almost 3.7 cents to produce a penny, up from 3.
Insight: Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
President Trump says he directed the Treasury Department to stop minting new pennies. He says the cost of producing the one-cent coin is too high. Last year the U.S. Mint reported losing more than 85 million dollars on the nearly 3.
'So wasteful' | Trump calls for the end of pennies
President Donald Trump announced on social media platform Truth Social he has directed the Treasury Department to stop producing new pennies.
Making change: Trump tells US Treasury to stop making pennies. What if we drop the penny?
President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...
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 ...
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Donald Trump Survivor Gold Coin: Honoring a Historic Moment
In American collectibles, few items capture the spirit of patriotism and political fervor like the Donald Trump Survivor Gold ...
Goodbye to the penny: Trump eliminates penny coin to save millions, a golden opportunity for investors and collectors
The US might be saying goodbye to the beloved Penny... what benefits could the change bring for coin collectors?
Coin collector, East Texas economist react to Trump’s end to penny production
Local coin collector David Holcomb said they’d been expecting the move for some time. He says 2024 pennies could become an ...
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Did You Buy a Trump Commemorative Coin? Here’s How Much It Could Be Worth in 10 Years
You’ll also find Trump “coins” issued by private companies ... essentially means buying an item with more personal value than collector’s value, according to Swiatek, who also owns ...
Goodbye, Lincoln? Few lament possible loss of penny as Trump orders Mint to halt production
Ending production of the penny makes sense, a consensus of area coin collectors and business owners told TribLive after a ...
Marketplace20d
Trump meme coins get mixed response from the crypto industry
President Donald Trump and First Lady Melania Trump ... What is this?” “A meme coin is like your collector’s baseball card or Pokemon card or something like that,” she explained.
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Trump mints $31 billion with new official $TRUMP crypto meme coin
Trump coin had a fully diluted valuation of about ... is likely the work of those who helped on Trump's "America First Collection" of digital trading cards, the site reported.
Trump and His Family Earned Millions From Trump Coin While 810,000 Others Lost Money: Report
Donald Trump and early investors have earned millions from $TRUMP coin while 813,294 wallets have registered $2 billion in ...