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The Death of the Penny: Trump Orders U.S. Treasury to Stop Minting One-Cent Coins

President Trump stresses that producing the penny is “wasteful,” given that it costs more to produce than the coin’s face value. The U.S. Mint lost over $85.3 million in the last fiscal year from coining pennies. The Pen...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

The Death of the Penny: Trump Orders U.S. Treasury to Stop Minting One-Cent Coins
President Trump stresses that producing the penny is “wasteful,” given that it costs more to produce than the coin’s face value. The U.S. Mint lost over $85.3 million in the last fiscal year from coining pennies. The Penny’s End? Trump Orders the Elimination of the ‘Wasteful’ Coin President Donald Trump has made a decision that […]

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