The penny was killed; now the Nickel?
Trump killed the penny because the government was hemorrhaging money pressing a coin worth less than the metal it was made from.Now economists are pointing at the nickel — and the numbers are actually worse. What they just found out about the nickel's production costs should make every American demand Trump finish what he started – auditing Fort Knox.
The penny cost 3.69 cents to make in 2024. The nickel costs 13.78 cents. That's nearly nine cents lost on every single nickel the Mint stamps out — and Washington pressed 113 million of them last year while you weren't looking.
When production ran over a billion coins a year, as it did in 2022 and 2023, taxpayers absorbed losses of $78 million and $92 million respectively just to keep the nickel alive.
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