How much did each penny cost to produce? According to the U.S. Mint, the cost of producing each penny is 3.69 cents per coin — more than triple its face value. By no longer producing pennies, the U.S.
The American penny passed away today after a prolonged illness. It was 238 years old. The last penny was minted Wednesday afternoon at the US Mint in Philadelphia, overseen by US Treasurer Brandon ...
President Trump’s plan to eliminate the penny could save the government money, but there’s no guarantee. By Ben Blatt President Trump recently ordered the U.S. Mint to stop producing pennies, for a ...
The American penny is history. The nickel might be next. The last pennies were pressed at the US Mint in Philadelphia on Wednesday, a victim of production costs higher than their worth coupled with ...