Donald Trump’s penny proposal would eliminate 1 in 2 coins minted in the U.S.—but nickels are the real villains
The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need ...
Getting rid of the penny introduces a new problem: nickels
President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one ...
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.
It costs nearly four cents to make one penny. The nickel costs even more
President Donald Trump said he’s instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right — in fact, each US penny ...
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 ...
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 ...
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Getting rid of the penny could mean the need for more nickels, which costs even more money make
But there's a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every ...
It takes nearly 4 cents to make a single penny. Here's why Trump wants them gone.
Trump says he'll order the Treasury Department to halt penny production to save money. Costly nickels, however, could cancel out savings.
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Getting rid of the penny introduces a new problem: nickels
But there’s a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every ...