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Getting rid of the penny, which cost the government 3 cents each, could end up costing the Treasury Department money if it has to make more nickels, which cost nearly 14 cents each to make and ...
Trump is so determined to restore sanity to federal finances that he is leaving no stone unturned when it comes to looking for ways to cut costs in the government’s bloated budget. Trump's Penny ...
The cost of manufacturing a penny was about 3.7 cents in fiscal year 2024, according to the US Mint, which noted that it lost $85.3 million on the more than 3 billion pennies it produced last year.
The current face value of a nickel is also well below that which the last remaining lowest-denomination coin (the penny) held at the time of the half-cent's elimination in 1857. [1] A penny in 1977 was worth the same amount as a nickel in 2023. [39] A nickel in 1977 was worth a quarter in 2023. [40]
The penny was first issued by the government in 1793. Since 1909, the profile of President Abraham Lincoln has adorned the obverse side of the coin that is made of zinc and copper.
“The government is losing money making money, paying more than three cents to produce a penny and more than 11 cents for a nickel,” she wrote, citing the U.S. Mint’s annual performance plan.
USA TODAY spoke with more than a dozen people on Monday, most of whom suggested the 233-year-old coin is a relic of the past better remembered in places like the Smithsonian, than at the bottom of ...
Bronze die-cut, or extruded, pasta is also not as expensive as you might imagine. At Target, a 16-ounce bag of Good & Gather bronze-cut stelline retails for $3.89. This is just a few dollars more ...