Trump orders the end of penny production and aims to spend ‘waste’.
US President Donald Trump meets Japanese Shigan Ishiba (not a photo) at the White House in Washington, USA on February 7, 2025.
Kent Nishimura | Reuters
President Donald Trump ordered to stop new coin production, saying it would help to reduce “wasteful” government spending.
Trump said in a true social post, “The United States costs more than two cents for too long.” Trump said, “This is too wasteful! I instructed the US Treasury Minister to stop new penny production.
It is not clear whether the president has the authority to prevent the manufacture of one cent coin. According to the US Constitution, Coinage Power, recognized by the Supreme Court, is “exclusive” in Congress. According to the Federal Law, the Treasury Minister can issue and publish coins as necessary for the US demand.
But at least one analyst in Wall Street is expected to be numbered with Penny’s day. TD Cowen’s jaret seiberg said that the stop would not have enough coins by passing the judicial screening.
On Monday, Seyberg said, “We believe that this order will survive the judicial screening. “This lacks coins, so we may need to pay more money to the bank, which adds legal risks for merchants and banks, which can cause a crisis to force parliament to act. “
SEIBERG can support the transition to electronic payment: Visa,,, MasterCard And other real -time payment networks.
Clearly, the coin was more expensive than the value. According to the annual report, in 2024, US Mint spent 3.69 cents to manufacture each penny. In other words, the cost of each penny exceeded the face value of the 19th consecutive fiscal year.
According to the latest US Mint Report, nickel also suggests that they watch the back better. The cost of each 5 cents is 13.78 cents.
