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Does it make sense to keep minting the penny?

Does it make sense to keep minting the penny?

Summary

The U.S. government may stop making pennies. President Trump supports ending penny production because it costs more to make than a penny is worth. This change could save the government a significant amount each year.

Key Facts

  • President Trump wants to stop making pennies.
  • The cost to produce one penny is nearly four cents.
  • Ending penny production could save about $56 million annually.
  • Deema Zein spoke with John Feigenbaum of Whitman Publishing for more insights.
  • Whitman Publishing is known for making books about coins and money collecting.

Source Information