Trump wants to scrap pennies. What does that mean for the copper industry?
The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the coins. That followed an assertion by Elon Musk of the Department of Government Efficiency that halting production might save the government around $180 million annually. Here’s a bit more on what might transpire.
Trump promised no new pennies — here’s how that would work
The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at retail stores, economists said.
Trump's plan to scrap the penny spikes interest for coin collectors
Before 1982, pennies were made of 95% copper and 5% zinc, and those made of precious metals might see an increase. He pointed to pennies such as the 1943 Copper Penny or the 1982-D Small Date ...
Penny for your thoughts? Trump orders US Mint to stop making 1-cent coin. What to know
The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.
President Trump's order is latest in the decades-long effort to eliminate the penny
President Trump became the latest U.S. president to say he wants to kill the penny. Both Republicans and Democrats have tried and failed for decades to get rid of America's one-cent coin.
Video: Trump stops production of pennies
Trump stops production of pennies President Trump has stopped the production of pennies after the U.S. Mint reported losing $85 million dollars making 3 billion pennies last year. Americans for Common Cents,
Trump’s proposition to eliminate pennies leaves business owners scratching their heads
President Trump Sunday announced possible plans to get rid of the penny. But this longstanding form of currency has been around since the late 1700s, so it won’t be a simple undertaking.
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Trump’s order to end minting of pennies will save taxpayers millions without much impact on Arizona copper mines
Trump’s halt to minting of pennies won’t harm Arizona copper industryMost copper mined in the U.S. comes from Arizona. But ...
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 ...
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No pennies is the thought: Eastern N.C. people react to idea of no new copper coins
President Donald Trump recently informed the U.S. Treasury Department to stop producing new pennies, citing production cost ...
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10 of the Most Valuable Pennies
You don't need to be a coin collector to have piggy banks stashed around your house filled with quarters, dimes, nickels or ...
Making pennies is a money-loser. Making nickels is worse.
Why President Donald Trump chose the middle of the Super Bowl to announce that his administration would stop producing ...
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 cent to produce.
How Trump might get rid of the penny — and what could come next for your pocket change
Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.
Billionaire Trump says time's up for lowly US penny
U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President ...