President Donald Trump has recently announced his decision to halt the production of pennies by the US Mint, citing the excessive cost of producing the one-cent coins. Trump highlighted that pennies cost more than 2 cents to mint, emphasizing the wastefulness of the current practice.
However, the actual cost of producing a penny is even higher, exceeding 3 cents per coin. Despite Trump's intentions to eliminate what he views as unnecessary spending, experts point out potential drawbacks to this plan.
