‘Cost us more than 2 cents’: Donald Trump stops production of pennies as it is ‘so wasteful’
February 10, 2025
President Donald Trump has ordered the US treasury to stop minting pennies due to their high production costs, aligning with his administration’s cost-cutting measures. The US Mint incurs significant losses from producing pennies and nickels, prompting this decision despite legal uncertainties surrounding executive power to eliminate coins.
