The cost of money: President Trump denounces the penny for being wasteful. How much does it cost to print dollars and make coins?
The President took to social media to say he thinks we should stop minting new pennies, calling the 1-cent coin 'wasteful'.
How much does it cost to make a penny, and are we ‘losing’ money on other coins?
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).