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So Long, Penny! Trump Orders US to Ditch 1-Cent Coin

CBS News on MSN · 1d

Trump's plan to scrap the penny spikes interest for coin collectors

Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint reported. Congress sets currency specifications, so it's unclear whether Mr. Trump has the power to eliminate the penny, but the president might be able to stop the Treasury from minting them.

Philadelphia Inquirer on MSN · 8h

Trump’s plan to eliminate the penny follows sharp drop in U.S. coin demand at Philadelphia mint

Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion coins since 2021.

The Associated Press on MSN · 2d

So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints

President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime.

The Mirror US on MSN4d

Rare Lincoln Wheat Penny potentially worth up to $1.7 million could be in your change jar

The Lincoln Wheat Penny has been valued at an astonishing price, with some of the rarest versions of the coin rumored to be ...

GOBankingRates on MSN5d

4 Lesser-Known Coins That Are Worth Thousands of Dollars

Coins become valuable for several reasons, ranging from their historical value to their metal content. In nearly all cases, ...

Rare circa 1600 Netherlands coin certified after sale

PCGS graders have now encapsulated a recently auctioned circa 1600 Netherlands Kampen Double Rose gold noble, an extremely ...

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