BREAKING: President Trump ENDS Production of Pennies

This just in: President Trump is ending the production of pennies.

On Sunday evening, President Trump posted on Truth Social that he has ordered the US Treasury to stop minting new pennies, citing wastefulness.

It’s a business decision: pennies cost more than they’re worth to produce at $0.02 per new penny minted.

“Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” President Trump stated.

🚨 BREAKING: President Trump instructs the Secretary of the Treasury to stop production of the penny pic.twitter.com/ZuVkDRabch

— Rapid Response 47 (@RapidResponse47) February 10, 2025

BREAKING: While at the Super Bowl, President Trump ends production of new pennies that cost us 2 cents each to mint. pic.twitter.com/vfdgtnP9AO

— Charlie Kirk (@charliekirk11) February 10, 2025

Keep in mind that President Trump is still at the Super Bowl while making this pretty big announcement.

This man never stops working!

🚨 #BREAKING: President Trump has just ORDERED the Treasury to STOP producing penny

47 is still working for the people in the middle of the Super Bowl! 😆

“Let's rip the waste out of our great nation’s budget, even if it's a penny at a time,” Trump said. pic.twitter.com/VyRtcZVBNc

— Nick Sortor (@nicksortor) February 10, 2025

That…or maybe President Trump wasn’t a fan of the Halftime Show…

Trump was so bored of that Halftime show that he decided to get to work by ordering the Treasury to stop producing pennies.

We have a once-in-a-generation president on our hands, people. pic.twitter.com/o1PiOqyPqM

— George (@BehizyTweets) February 10, 2025

AP News reported:

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin.

“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post Sunday night on his Truth Social site. “I have instructed my Secretary of the US Treasury to stop producing new pennies.”

Trump’s new administration has been sharply focused on cutting costs, targeting entire agencies and large swaths of the federal workforce for dismissal.

The Hill added:

President Trump on Sunday announced that he asked the Treasury Department to stop producing pennies, calling the one cent coin wasteful…

The cost of making a penny was nearly 3.7 cents in Fiscal Year 2024 and the coin has cost above face value to make for 19 consecutive fiscal years, according to the U.S. Mint’s annual report.

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Pennies were made of copper before 1962 and are currently made majority of zinc but with copper plating. Lincoln has been on the penny since 1909 and the penny was the first coin made by the U.S. Mint, according to the Treasury Department.