The penny could soon be a thing of the past. President Trump is pushing to end production of the one cent coin, citing its rising costs.

Each penny costs nearly four cents to make, and scrapping it could save taxpayers about $56 million a year.

And that raises the question, does it still make sense to keep minting them?

Our Dima Zane has more.

It's the latest step in the Trump administration's push to end the one-cent piece.

For more on this fight and what it could mean for you, we're now joined by John Feigenbaum,

who runs Whitman Publishing, a leading producer of numismatic reference books,

and executive director of professional numismatist

guild, an organization made up of the country's top rare coin and collectible paper money dealers.

John, welcome to the program.

Thank you for having me.

To jump in, I want to ask, how big of a deal is this?

You know, it's a huge deal that we're finally, you know, coming to an end with the United States sent.

It's an amazing time in collecting for us and in the whole numismatic community.

And we've been waiting for this shoe to drop, actually, I have for a long time.

So in 2006, the penny became more expensive to make than its value.

Can you talk a little bit about how that stands today?

Yeah, I think the last time we checked it cost 3.7 cents to make a one cent penny.

So as you can see, every time you make a coin, you lose money, which is really a bad situation for any manufacturing facility, which is what the United States meant really is at the end of the day.

And talking about how much money that is, how big of savings is this really going to be?

Well, it's substantial and, you know, I think it would be really exciting if we shifted the production from, let's say, the penny to a $5 coin, for example,

which I think is much more practical in the current time. Let's buy a cup of coffee with a coin

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