Better make that a nickel. Or better yet, a dime.The cost of minting a penny is now more expensive than the coin is worth, once again raising the possibility that it is headed toward extinction.Pennies cost about 1.7 cents each to produce, while nickels cost about 8.3 cents, according ...
"The process of discontinuing the penny in the U.S. is a little unclear. It would likely require an act of Congress, but the Secretary of the Treasury might be able to simply stop the minting of new pennies," he said last month. Members of Congress have repeatedly introduced legislation...
President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin."For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!" Mr. Trump wrote in a po...
"The process of discontinuing the penny in the U.S. is a little unclear. It would likely require an act of Congress, but the Secretary of the Treasury might be able to simply stop the minting of new pennies," he said last month. Members of Congress have repeatedly introduced legislation ...