fromIntelligencer4 months agoHow to Make Sense of Trump's Plan to Stop Making CentsIn fiscal year 2024, the U.S. Mint reported a loss of $85.3 million from minting 3.2 billion pennies, each costing 3.7 cents to produce.US politics
US newsfromwww.nytimes.com4 months agoSo, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel?Trump orders halt on penny production due to high minting costs.Cost of producing pennies exceeds their face value, leading to financial losses.More efficient coins could save government money in the long run.