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writing that they “literally cost us more than 2 cents.” He’s right — in fact, each US penny costs 3.7 cents to produce and distribute as of 2024. Pennies and nickels cost more than they ...
In fiscal year 2024, the penny's unit cost increased 20.2% from the year before, the report said, and the increase has been partially driven by the rising costs of metals like zinc and copper.
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President Trump wants to end production of the penny It takes about 3.7 cents to ... has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump said on Truth ...
the unit cost of producing and distributing a penny was 3.69 cents, per the Mint — far outweighing its face value. From 2023 to 2024, the unit cost of pennies jumped by 20.2%, largely because of ...
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful ... even if it’s a penny at a time.” Trump actually undersold ...
which reported making 3.2 billion of them last year. That’s more than half of all the new coins it made last year. MIT professor Jeff Gore, who founded Citizens to Retire the Penny, said coins ...
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Let’s rip the waste out of our great nations [sic] budget, even if it’s a penny at a time.” In the FOX interview before the Philadelphia Eagles whipped the Chiefs, Trump was asked by Fox ...