How much does it cost to make a penny, and are we ‘losing’ money on other coins?
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
Money Digest on MSN11h
Here's How Much It Costs To Make Every Major US Coin
Coins aren't necessarily worth their face value, with some worth more than their cost of production and the penny famously ...
Making change: Trump tells US Treasury to stop making pennies. What if we drop the penny?
President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...
Trump’s plan to eliminate the penny follows sharp drop in US coin demand at Philadelphia mint
Congress, the Supreme Court, the central bank, the President's House — all national institutions that graced Philadelphia ...
Hosted on MSN2d
It Only Costs 5 Cents To Make A Dime, But It's More Than Double That For A Nickel
The cost to produce a coin and its assigned face value don't necessarily line up, especially in the case of the lowest-value ...
The Clarion-Ledger10d
Making change: Trump tells US Treasury to stop making pennies. What if we drop the penny?
According to the U.S. Mint, Congress is the body that approves every coin it produces. The Coinage Act of April 2, 1792 established the Mint and the regulation of coins in the United States.
Washington Examiner10d
Why Trump wants the Treasury to stop minting the penny
“For far too long the United States has minted ... is more than three times the coin’s value, according to JM Bullion, an online retailer of metals. In 2023, the U.S. Mint lost $179 million ...