Trump was claiming that the reason that he wanted to stop minting the penny was because the metal was worth more than the value of the penny (while true, that’s not where the real cost of the penny comes from; it’s rather from the handling and processing costs). I assume that that was to pander to someone, so I’m wondering if maybe there’s a segment of the MAGA crowd that’s obsessed with the metal value versus face value of coins.
Trump was claiming that the reason that he wanted to stop minting the penny was because the metal was worth more than the value of the penny (while true, that’s not where the real cost of the penny comes from; it’s rather from the handling and processing costs). I assume that that was to pander to someone, so I’m wondering if maybe there’s a segment of the MAGA crowd that’s obsessed with the metal value versus face value of coins.
Whatever happened with that?
kagis
Looks like it’s going forward. 2026 should be the last year that the US mints the penny.
https://en.wikipedia.org/wiki/Penny_(United_States_coin)