The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies ...
The penny, a staple of US currency since since 1793, costs more than 3 cents to make, costing the government a net loss of ...
The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.
In a post on the social network Truth Social, Trump made it clear why he thinks the production of one cent is unnecessary.
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