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Flash News List

List of Flash News about penny production

Time Details
2025-02-10
02:39
US Treasury Ceases Penny Production by Order of President Trump

According to The Kobeissi Letter, President Trump has ordered the US Treasury to stop producing pennies due to the cost of production being three times the coin's value. This decision could impact the metals market and related futures as the demand for copper may decrease. Traders should monitor the copper futures market for potential price adjustments.

Source
2025-02-06
21:53
The Kobeissi Letter Discusses the Cost of Penny Production

According to The Kobeissi Letter, the production of a penny costs 3 cents, leading to an annual expense of $179 million for the US. This raises questions about the efficiency of continuing such production and impacts decisions on currency management that could influence digital currencies like DOGE, which are unaffected by physical minting costs.

Source