Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Fortune

Irina Ivanova

Donald Trump's penny proposal would eliminate 1 in 2 coins minted in the U.S.—but nickels are the real villains

Donald Trump nickel the US Mint United States CNN copper

An aerial view of a pile of nickels (Credit: Tetra Images—AP Photo)

President Donald Trump says he’s directed the Treasury to kill pennies, which have lost the U.S. Mint money for decades, as every penny costs 3.7 cents to produce. Nickels are even more wasteful, though, costing 13 cents each to produce, and eliminating pennies could push up demand for five-cent pieces.

President Donald Trump on Sunday declared the end of the penny, posting on Truth Social that he had directed the Treasury secretary to stop minting new pennies.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

New York governor declares state of emergency after spike in measles cases

New York governor declares state of emergency after spike in measles cases

The deadly outbreak in Pennsylvania is its largest in more than three decades, and confirmed cases in New York are up

The Guardian - US

Mental Health Experts State Donald Trump Is Not a 'Mentally Well Man' Following Uncensored Interview

Mental Health Experts State Donald Trump Is Not a 'Mentally Well Man' Following Uncensored Interview

Forensic psychiatrist Bandy Lee and psychologist Vincent Greenwood offered critical views of Donald Trump's behaviour during a TIME interview, while acknowledging their opinions were not clinical diagnoses.

International Business Times UK

Tensions Between Russia and NATO Keep Escalating. France Now Tested an Updated Nuclear Missile.

Tensions Between Russia and NATO Keep Escalating. France Now Tested an Updated Nuclear Missile.

The exercise involved a submarine-launched ballistic missile capable to carrying a nuclear head.

International Business Times

Veteran conservative lawyer quits Trump’s interior department and warns of ‘assault on the rule of law’

Veteran conservative lawyer quits Trump’s interior department and warns of ‘assault on the rule of law’

John Murdock had been working for the agency for 18 years and his resignation comes during an exodus of longtime federal workers and scientists

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Hurricane tracker: Check latest updates on tropical storm in gulf, cyclone, typhoon Nolo, Hurricane Rachel

Hurricane tracker: Check latest updates on tropical storm in gulf, cyclone, typhoon Nolo, Hurricane Rachel

Hurricane tracker: Nolo is no longer a hurricane. The powerful storm remains about as strong, but it changed names to a typhoon as it crossed the international dateline in the Pacific Ocean. Hurricane Rachel continued heading westward on a path away from Mexico.

The Economic Times

First Thing: ‘Deranged’ and ‘dangerous’ Trump calls for Iran to strike US cities amid historic ratings low

First Thing: ‘Deranged’ and ‘dangerous’ Trump calls for Iran to strike US cities amid historic ratings low

California’s leaders attack president after he suggests Iran could ‘take out’ Los Angeles or San Diego

The Guardian - UK

Related Stories

Top stories on inkl right now

New York governor declares state of emergency after spike in measles cases

New York governor declares state of emergency after spike in measles cases

The deadly outbreak in Pennsylvania is its largest in more than three decades, and confirmed cases in New York are up

The Guardian - US

Mental Health Experts State Donald Trump Is Not a 'Mentally Well Man' Following Uncensored Interview

Mental Health Experts State Donald Trump Is Not a 'Mentally Well Man' Following Uncensored Interview

Forensic psychiatrist Bandy Lee and psychologist Vincent Greenwood offered critical views of Donald Trump's behaviour during a TIME interview, while acknowledging their opinions were not clinical diagnoses.

International Business Times UK

Tensions Between Russia and NATO Keep Escalating. France Now Tested an Updated Nuclear Missile.

Tensions Between Russia and NATO Keep Escalating. France Now Tested an Updated Nuclear Missile.

The exercise involved a submarine-launched ballistic missile capable to carrying a nuclear head.

International Business Times

Veteran conservative lawyer quits Trump’s interior department and warns of ‘assault on the rule of law’

Veteran conservative lawyer quits Trump’s interior department and warns of ‘assault on the rule of law’

John Murdock had been working for the agency for 18 years and his resignation comes during an exodus of longtime federal workers and scientists

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Hurricane tracker: Check latest updates on tropical storm in gulf, cyclone, typhoon Nolo, Hurricane Rachel

Hurricane tracker: Check latest updates on tropical storm in gulf, cyclone, typhoon Nolo, Hurricane Rachel

Hurricane tracker: Nolo is no longer a hurricane. The powerful storm remains about as strong, but it changed names to a typhoon as it crossed the international dateline in the Pacific Ocean. Hurricane Rachel continued heading westward on a path away from Mexico.

The Economic Times

First Thing: ‘Deranged’ and ‘dangerous’ Trump calls for Iran to strike US cities amid historic ratings low

First Thing: ‘Deranged’ and ‘dangerous’ Trump calls for Iran to strike US cities amid historic ratings low

California’s leaders attack president after he suggests Iran could ‘take out’ Los Angeles or San Diego

The Guardian - UK

Our Picks

Does your sleep tracker get it right? A Pittsburgh neuroscientist weighs in

On a typical night, I go to bed wearing a tracking watch on one wrist and another type of tracker on the other wrist. Then I compare their sleep findings while I drink my morning coffee.

The Conversation

There's A Reason Taxi Cabs Are Almost Always Yellow

Yellow taxis are easy to spot in traffic, but the color's history goes far beyond simple visibility.

How ‘technoference’ can disrupt parent-child connections

Have you ever been telling someone a story when their phone lights up, and their eyes flicker toward their device?

The Conversation

Holding Lightning by Emily Lordi review – an intimate portrait of Whitney Houston

An empathetic biography of the the singer recasts her tumultuous later career as a triumph of self-expression

The Guardian - UK

Brian May says Queen are retiring from live tours: ‘Maybe 50 years is enough’

Rock guitarist suggested creating an interactive experience for fans similar to the ‘Abba Voyage’ show

The Independent UK

"Lanterns" finds its power in fear

To fulfill his destiny, John Stewart embraces what he was trained to reject — and so should we

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play