How Trump might get rid of the penny — and what could come next for your pocket change
Fox News
Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.
"For far too long, the United States has minted pennies which literally cost us more than 2 cents," Trump wrote on Truth Social on Sunday. "This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies." Diana Stancy is a politics reporter with Fox News Digital covering the White House.
In fact, producing pennies is even more expensive than Trump’s numbers. According to a 2024 U.S. Mint report, it costs nearly 3.69 cents to mint a single penny. The coins are primarily made of zinc and then covered in copper.
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