His company, Portland Mint, sells old pennies in bulk — 40,000 pounds (18,100 kilograms) at a time — to investors angling to ...

The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the ...

The wager is that those older pennies contain copper that would be worth about $180,000 at current prices. One snag: It’s illegal to melt a mass of Lincoln cents to harvest the metal.

Find a penny, pick it up' may be a phrase of the past as President Trump looks to halt production of the one cent coin.

Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint ...

And according to their 2014 report: “There are no alternative metal compositions that reduce the manufacturing unit cost of the penny below its face value.” While other countries have also ...

Would major copper-producing areas be hurt by an end to penny production? Not by much. The metal has a bright future with rising demand, especially reflecting how well it conducts electricity ...

The wager is that those older pennies contain copper that would be worth about $180,000 at current prices. One snag: It’s illegal to melt a mass of Lincoln cents to harvest the metal. But penny ...