His company, Portland Mint, sells old pennies in bulk — 40,000 pounds (18,100 kilograms) at a time — to investors angling to ...
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Hosted on MSNWhy is Donald Trump discontinuing the penny?The one cent coin costs more to produce than its value and is nearly obsolete in retail. But it has its supporters.
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.
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 ...
By Kerri Carswell Carolina Journal Are pennies on the chopping block? It costs more than three cents to make the one-cent penny, and The Department of Government Efficiency (DOGE) has a bold idea: ...
There was an owner of a Manteca convenience store/gas station back in the late 1990s who openly bragged about “earning” an ...
For far too long the United States has minted pennies which literally cost us more than 2 cents,” the president said in a ...
President Trump said Sunday that he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to ...
Talk to end the penny’s production has been bandied about for decades among government officials and economists.
President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...
The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he’s ordered his administration ...
President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...
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