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Trump asks US Treasury dept to stop production of pennies

The Daily Guardian

|

February 11, 2025

United States President Donald Trump has announced that Washington DC will stop minting pennies, citing their high production cost, which exceeds their face value and termed the practice “wasteful.”

Trump asks US Treasury dept to stop production of pennies

President Trump said Sunday that he has instructed Treasury Secretary Scott Bessent to “stop producing new pennies.”

Trump made his announcement on a Truth Social post after attending the first half of the Super Bowl.

https://truthsocial.​com/@realDonaldTrump/posts/113977224933701762

In his post on ‘Truth Social’, Trump wrote, “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!.”

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