List of Flash News about penny production
Time | Details |
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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. |
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. |