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.
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