President Trump has proposed that the U.S. Treasury discontinue the production of new pennies, citing the impracticality of their manufacturing cost which exceeds their face value. Specifically, he noted that producing a penny costs more than two cents, as reported by the U.S. Mint, which estimated last year that the production and distribution costs reach over three and a half cents. This announcement reflects ongoing debates regarding the utility and the economics of low-denomination coins in U.S. currency.
President Trump stated that he wishes the U.S. Treasury to cease the minting of new pennies, citing their production cost exceeding the actual value.
The U.S. Mint reported that producing a single penny costs more than three and a half cents, leading Trump to question the currency's viability.
Collection
[
|
...
]