Let’s rip the waste out of our great nation's budget, even if it’s a penny at a time,” President Donald Trump pronounced last ...

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 mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make. It is unclear whether Mr. Trump has the power to unilaterally eliminate the lowly one-cent coin.

The mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make. It is unclear whether Trump has the power to unilaterally eliminate the lowly one-cent coin.