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So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints (apnews.com)

submitted 1 week ago by zdhzm2pgp@lemmy.ml to c/usa@lemmy.ml

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[–] chillBurner@lemmy.ml 4 points 1 week ago

Like many things people say won't be done due to '3 branches of government', yes.

Besides, don't we have the hindsight of precedence?

Canada started phasing out its penny a dozen years ago and urged store owners to round prices to the nearest nickel for cash transactions. Electronic purchases were still billed to the nearest cent. The move came after New Zealand, Australia, the Netherlands, and others dropped their lowest-denomination coins.

After Canada stopped minting new pennies, it began recycling them for their “valuable” copper and zinc, according to a 2022 report from the Canadian Mint.