Let me help my friend ConfedSs:
ConfederateSS wrote: Tue May 27, 2025 10:10 pm
------------- I think getting rid of the penny was talked about before (I'm looking, I can't find it,in past posts...I could swear it was discussed)... [/size]...
Here it is, I found it for you, ConfedSs (in two posts and two different threads, btw):
Re: End of the line
Post by jusplay4fun » Sat Nov 15, 2025 1:12 am
(NEXSTAR) — The day has finally come: the U.S. Mint is pressing its last pennies on Wednesday. It comes as retailers across the country are already facing empty penny slots in their cash registers.
The pennies were struck at the mint in Philadelphia, the same location that the one-cent coins have been produced at since 1793, a year after Congress passed the Coinage Act. (...)
Why is the Mint ending penny production?
Earlier this year, President Donald Trump called on the Treasury Department to stop minting new one-cent coins, calling them “wasteful.” A few months later, the Treasury confirmed it would stop putting new pennies into circulation in early 2026, a spokesperson told the Wall Street Journal in May. (...)
Are pennies that expensive to make?
Compared to other coins, no, but compared to its own value, yes. The average cost to make a single penny rose to 3.69 cents in the last fiscal year, marking the 19th consecutive year the coin has “remained above face value,” per the latest U.S. Mint report. For comparison, it costs less than six cents to make a dime, about 15 cents to make a quarter, and nearly 34 cents for a half-dollar
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https://thehill.com/homenews/nexstar_me ... ppens-now/
https://www.conquerclub.com/forum/viewt ... y#p5370421
and OF COURSE there is MORE:
Re: What does President Trump do NOW?
Post by jusplay4fun » Mon Feb 10, 2025 9:57 pm
Pennies are nearly worthless. I only use them, basically, to pay a sales tax when I buy a few things by cash (Paper and Coin). I do less and less of that each day. At one time, I did buy coffee (AND not at OVER-Priced Starbucks) with cash, but now just add money to a gift card and use that.
I often see pennies in parking lots and sidewalks and almost NEVER pick them up. The fact that the pennies are there show that many others feel as I do, that pennies are nearly worthless. What can you buy with a penny these days? I cannot think of anything. When I was a child, one could buy some cheap candy with a penny. NOT so now.
I knew it cost more than one cent to mint each penny. It was almost GONE a few years ago, but for reasons of sentiment, it was not discontinued. So we kept minting them for UNSOUND economic reasons. This would be a good symbol of cutting out waste out of government spending.
Any cut has those who oppose the cut for SOME reason. No wonder the federal deficit continues to grow.
I am happy to help ConfedSs.
