The Economic Argument for Ditching the Penny—and Why Some Want to Keep It
President Trump wants to ditch the penny, a move that some experts say is long overdue. Advocates of the least-valuable coin say it should stick around. WSJ examines the question of whether or not it ...
Here’s a look at the history of the penny and why it could be going away
When the United States Mint was created in 1792, one of the first coins it made was the one-cent coin. The image on the first ...
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 ...
Making cents of it all: Here's how much a penny costs you
The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year. They aren’t the only expensive coin.
Getting rid of the penny introduces a new problem: nickels
Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...
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How much does it cost to make pennies and nickels?
In fiscal year 2023, the losses were even higher, nearly $180 million between pennies and nickels. Pennies were made of copper before 1962 but are now mostly made of zinc with a t ...
What the end of the penny means for the economy, your piggy bank, and the way America prices items
President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the economy will be okay without the coin.