Donald J. Trump (@realDonaldTrump)
For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let's rip the waste out of our great nations budget, even...
This is treating the symptom rather than the cause. The issue is inflation, not pennies. Get inflation under control, reverse the devaluation of our currency, and the issue will be resolved. This is a band aid for a much deeper problem…
I too would love some economic uplift. It’s the inflation not the coins.
Cost 2cents to make 1cent and that makes, no sense.
So keep Pennies. Especially old ones. They may end up worth something later
If you actually think that, then go buy some of these https://www.apmex.com/product/229671/1-oz-copper-round-walking-liberty
You should anyway, in case SHTF actually happens. Your goal should be 1000 oz silver 10 oz gold 10 oz platinum 5000 oz copper get it done. Be your own bank.
I don't want Platinum or Palladium, both are largely industrial metals and are constantly fluttering in price. Both can be used in Catalytic converters with Palladium currently the popular choice.
Most Pennies are 95% Copper with various other metals added in. That was until Oct. of 1982 when they switched to copper plated. the 95% copper pennies are 3.11 grams 10 bucks of 95% pennies is worth about 27.40 Once you refine it to remove the other metals.
That's a good point.
It costs over 10c to make a nickel! Interesting article 2023 on what it costs to produce coins. Probably more now.
https://money.com/coin-costs-us-mint-solutions/
They need to Audit the US Mints... Kek.
Hold onto your 2025 pennies, they might be worth something in the future
So are they just going to round up now???
Or down, depending.
Penny Pritzker
Follow the wives
Holy shit
https://en.m.wikipedia.org/wiki/Pritzker_family
It makes sense because the currency is inflated.
Been harping on doing away with the penny for 7 years. This is great.
Seems like a slide into digital currency.
I hate getting pennies. But I do not know if this is really a good thing or bad. Does everything have to in nickle now?
Why not just make the smallest division of the dollar be 1/10 instead of 1/100? We don't have 1/1000 or 1/10,000 dollar coins. We don't need 1/100 dollar coins or 1/20 dollar coins.
Dimes FTW - and put Trump on the mofos instead of the 4-term commie ;p
It's true though. How many pennies are minted at this exhorbitant price?
I suspect that the Federal Reserve is overcharging for the production of our currency. It shouldn't cost anything to produce any of our currency. If anything, the Fed should forgive at least 20 trillion dollars of our debt. Besides Congress should produce our currency and it should cost nothing to produce it.
Nothing costs nothing
True. There is opportunity cost in everything we do. For all of us, the benefits must outweigh the negatives. For President Trump, he could have marched into retirement and played golf every day. Instead, he is the President of the United States with the threat of assassination hanging over his head every day. That is also true with the penny as somebody has to make it. President Trump wants that opportunity cost to go towards producing other currency.
There are more than enough pennies to last us for centuries in the dresser drawers and coin cans of Americans
Obama said many things on change. Trump just deleted some change.