{"id":2400845,"date":"2025-02-09T22:33:09","date_gmt":"2025-02-10T03:33:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-orders-treasury-to-stop-wasteful-production-of-pennies-washington-examiner\/"},"modified":"2025-02-09T22:34:02","modified_gmt":"2025-02-10T03:34:02","slug":"trump-orders-treasury-to-stop-wasteful-production-of-pennies-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-orders-treasury-to-stop-wasteful-production-of-pennies-washington-examiner\/","title":{"rendered":"Trump orders Treasury to stop \u2018wasteful\u2019 production of pennies &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-orders-treasury-to-stop-wasteful-production-of-pennies-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2400845&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Donald Trump announced that he has instructed\u2063 treasury Secretary Scott Bessent to halt the production of pennies, deeming\u200c it &#8220;wasteful.&#8221; In a\u200b post on Truth Social, \u2062he highlighted that producing a\u2062 penny costs more \u2062than \u2062its actual value,\u2062 asserting that this practice contributes to\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-led-national-parks-spending-cuts-advance-in-house\/\" title=\"House advances Republican-led cuts to national parks spending.\">unnecessary federal spending<\/a>. In 2023, the cost to mint a penny was reported \u200cto exceed 3 cents, resulting in a loss of $179 million for the U.S. Mint due to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/surge-in-battery-prices-squeezes-ev-makers\/\" title=\"Surge in Battery Prices Squeezes EV Makers\">rising material costs<\/a>. Despite a decline in penny production to\u2062 its lowest level in over a decade,\u2064 pennies still represented nearly 40% of all coin production that year.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump orders Treasury to stop &lsquo;wasteful&rsquo; production of pennies<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1983095\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President <a href=\"http:\/\/washingtonexaminer.com\/tag\/donald-trump\" target=\"_blank\" rel=\"noopener\" title=\"\">Donald Trump<\/a> said on Sunday night that he directed <a href=\"http:\/\/washingtonexaminer.com\/tag\/treasury\" target=\"_blank\" rel=\"noopener\" title=\"\">Treasury<\/a> Secretary Scott Bessent to stop the production of pennies, which he slammed as &ldquo;wasteful.&rdquo;<\/p>\n<div class=\"article-paywall\">\n<p>In a Truth Social <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/113977224933701762\" target=\"_blank\" rel=\"noopener\" title=\"post\">post<\/a>, Trump pointed out that the minting of a penny costs more than the actual value of the coin, adding that this is part of his goal of rooting out <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/liberal-democrats-support-trumps-plan-to-increase-payments-to-2000\/\" title=\"Liberal Democrats Support Trump\u2019s Plan To Increase Payments To ,000\">wasteful spending<\/a> in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/better-than-expected-u-s-economy-added-638000-jobs-in-october-unemployment-dropped-to-6-9\/\" title=\"Better Than Expected: U.S. Economy Added 638,000 Jobs in October, Unemployment Dropped to 6.9%\">federal government<\/a>.<\/p>\n<p>&ldquo;For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let&rsquo;s rip the waste out of our <a href=\"https:\/\/amzn.to\/3YuVZYV\">great nations budget<\/a>, even if it&rsquo;s a penny at a time,&rdquo; the president said.<\/p>\n<p><a href=\"https:\/\/www.jmbullion.com\/investing-guide\/numismatics\/cost-of-producing-a-penny\/\" target=\"_blank\" rel=\"noopener\" title=\"According to\">According to<\/a> JM Bullion, an online retailer of metals, the cost to produce a penny in the United States was over 3 cents in 2023, leading to the U.S. Mint losing $179 million that year. The increased cost is due to the materials used to make the coin, which is mostly made of zinc and is plated with copper.<\/p>\n<p><strong><a href=\"http:\/\/washingtonexaminer.com\" target=\"_blank\" rel=\"noopener\" title=\"\"><\/a><\/strong><\/p>\n<p>Penny production in 2023 fell to its lowest volume in over a decade, yet still made up nearly 40% of all coin production.<\/p>\n<p>The Mint produces all coins in the U.S. and is a bureau of the Treasury Department.<\/p>\n<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1983095\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1983095\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump directs Treasury to halt &#8216;wasteful&#8217; penny production<\/p>\n","protected":false},"author":3359,"featured_media":2400846,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/02\/donald-trump-penny-production-halt.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[50109,3778,3634,47119],"class_list":["post-2400845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-pennies","tag-treasury","tag-trump","tag-wasteful-spending"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/02\/donald-trump-penny-production-halt.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2400845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3359"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2400845"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2400845\/revisions"}],"predecessor-version":[{"id":2400849,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2400845\/revisions\/2400849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2400846"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2400845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2400845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2400845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}