It costs nearly four cents to make one penny. The nickel costs even more



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President Donald Trump said on Sunday that he had instructed the US Treasury Secretary to stop making new money, and wrote that he “Literally we will cost more than 2 cents.” That’s right – in fact, every American money costs 3.7 cents to produce and distribute by 2024.

The price of pannies and necks was higher than in the nineteenth fiscal year, According to US mint. Last year, American Treasury lost money Both coins and in the past few years have been permanently producing less of the two.

However, all coins, production and distribution costs record the increase in copper and zinc prices. In particular, this quarter cost 26 % higher than in 2023 and 20 % higher than the money.

Experts say, however, getting rid of money can put a burden on the US Treasury Department to fill this gap, and eventually damage the financial burden.

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