February 10, 2025

‘For far too long the United States has minted pennies which literally cost us more than 2 cents,’ the president stated.

President Donald Trump said on Sunday that he has directed the Treasury Department to stop minting pennies, citing the high cost of producing the one-cent coin.

“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a Truth Social post.

“I have instructed my Secretary of the U.S. Treasury to stop producing new pennies. Let’s rip the waste out of our great [nation’s] budget, even if it’s a penny at a time.”

Source: Trump Says He’s Directed Treasury to Stop Making New Pennies

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