Pennies, which are often given as change but rarely spent, accounted for more than half of all the coins the Mint produced that year. There were about 250 billion pennies in circulation, or about ... “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” ... Every penny cost nearly $0.037 — up from $0.031 the year before. In fiscal year 2024, the US Mint said in its annual report that the US penny costs about 3.7 cents to produce and distribute, up more than 20% from the previous year. The rising cost of metals ... Every penny cost nearly $0.037 — up from $0.031 the year before. The mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make. The penny, one of the first coins made by the U.S. Mint after its establishment in 1792, now costs more than two cents to produce, Trump said in a post on his Truth Social site shortly after ...
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” ... Every penny cost nearly $0.037 — up from $0.031 the year before. WASHINGTON (AP) — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!”
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