President Donald Trump has ordered the Treasury Dept. to stop minting 1--cent coins , the USA Today website reports today (Feb. 11, 2025).
USA Today spoke with more than a dozen people today, most of whom suggested the 233--year--old coin is a relic of the past better remembered in places like the Smithsonian Institute, than at the bottom of their junk drawers and purses.
The U.S. Mint spent $3.69 to produce and distribute each penny last year, resulting in $85.3 million over three billion new pennies.
The one--cent coin accounts for more than half of all U.S. coin production despite having about 250 billion pieces already in circulation. Canada, Australia, and several other countries have eliminated their lowest --denomination coins citing costs over recent decades.
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