“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...

Factoring in the costs for the raw materials (zinc and copper) and the molding process, a penny worth 1 cent costs over 3 cents to produce. In the modern economy, a coin worth one cent isn't much ...

The U.S. Congress oversees the U.S. Mint, which is responsible for coin production. The penny, whose face value is a modest 1 ...

The value of keeping the nation's smallest-value ... Australia and New Zealand phased out their 1-cent coins in the 1990s, and Canada followed suit in 2012. Canada's mint stopped distributing ...

The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need ...

President Trump aims to halt penny production due to high costs. We asked coin collector Jock Summers, does the penny still ...

Do other US coins cost more to make than they're worth? Nickels do, as each one costs almost 13.8 cents, according to the Mint. The other coins are worth more than their production expenses.

The U.S. Congress oversees the U.S. Mint, which is responsible for coin production. The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year.They aren’t the only ...