Canadians are saving $11 million every year because of the penny, a Canadian official told Newsweek. Could the U.S. follow?
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Creating a Unique Copper Desk from Coins!
Creating a Unique Copper Desk from Coins!
Canada's main stock index closed down nearly 300 points while the loonie fell to its lowest level in more than two decades as ...
The Department of Government Efficiency hinted it may be looking to eliminate the penny. Elon Musk's initiative says production of the coin is costing taxpayers millions of dollars.
Eliminating the penny is more than a practical cost-saving measure. It’s a test of our willingness to confront outdated ...
Trump created DOGE and has given it a mandate to cut government spending. Musk has said that the agency is looking to trim $500 billion in government spending. The penny is worth only 1 cent and its ...
Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.
The latest report on costs associated with production at the U.S. Mint facilities didn't offer any surprises when showing that certain coins cost much more to make than their face value.