11 Feb 2025

Are the days of the humble coin numbered?

From Nights, 8:30 pm on 11 February 2025

US President Donald Trump has found a new cost-saving measure -- literally penny-pinching.

He has instructed the US treasury to stop producing new pennies, saying the one cent coin actually costs THREE cents to make!

We wondered how can that be -- so Mark Leishman gets to the bottom of this with Auckland-based numismatist -- that's a coin expert -- Peter Eccles of Eccles Coins and Banknotes.

A photo of a little boy making stack of coins, counting money at table. Learning financial responsibility and planning savings concept.

Photo: 123rf