Cryptocurrencyfromwww.mcall.com2 months agoThe penny costs nearly 4 cents to make. Here's how much the US spends on minting its other coinsThe U.S. penny's production cost exceeds its face value, prompting the Mint to cease production.
US newsfromwww.nytimes.com5 months agoSo, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel?Trump orders halt on penny production due to high minting costs.Cost of producing pennies exceeds their face value, leading to financial losses.More efficient coins could save government money in the long run.