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President Trump said the coins cost more to produce than their face value.
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The New York Times

Feb. 9, 2025, 11:37 p.m. ET

BREAKING NEWS

Dozens of pennies are stacked on each other in a pile.
Stephen Hilger/Bloomberg News

Trump Orders Treasury to Stop Minting Pennies

President Trump said that he had ordered the Treasury secretary to stop producing new pennies, a move that he said would help reduce unnecessary government spending.

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