I mean, this is actually valid. Pennies cost more than a penny to make. I don't think anyone likes pennies. I wish we'd done this a long time ago; it's not the first time it's been discussed. First thing I've heard of Trump wanting to do that didn't piss me off, to be honest.
this post was submitted on 10 Feb 2025
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he don't actually care about that. he'd figure some way to make 'em cost even more, so he can take a cut of the action.
he's just got a beef with lincoln.. for reasons
but for now, lets just toss this on the pile of things he's doing or saying without legislative authority.
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The last coin to be removed from circulation was the half penny, or hay-penny. At the time they stopped minting it, it had the buying power of 18 cents.
We could stop minting pennies, nickels, and dimes, all of which cost more than their face value to mint.
Trump is a fucking moron and a fascist, but rapist clocks are right twice a day.
Edit: I looked it up, and I was wrong. The dime does not cost more to mint than its face value, but the penny and the nickel do. The dime is still functionally worthless, and could easily be removed from circulation without affecting commerce.
I had a weird pluto-esque reaction, like, 'aw, but dimes are my favorite!' I didn't even know I had a favorite. Why???
I think if it'd be more practical to get rid of them, we should.
Dimes would make a fine choice for the smallest denomination. You could still divide dollars to the nearest tenth of a dollar, which is more than sufficient. They have no buying power by themselves, but a stack can buy something.
A stack of pennies is still garbage.
Sounds a bit too metric to me. The smallest denomination should be 1/12th of a dollar.
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I'm not sure the cost to make vs value is really the best measurement, within reason. At the end of the day society gets a tool to measure a unit of wealth to easily transfer, and there is value in having that.
That said! Yeah. The US had a half-penny until 1857. I can look at an inflation calculator that only goes back to 1913, and half a penny then was worth 16¢ today. We don't need the penny anymore.
We don't need the nickel or dime either.
megacorps can't nickel and dime us if we have no nickels.. or dimes.. economy fixed!
can't give someone your two cents worth if you haven't got two pennies to give. free speech should obviously cost more than that, anyhow. apparently that price is somewhere between $15 million and $20 billion.
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We did it in Canada a while ago and it’s been fine.
It’s a valid thing we should have done a while ago, but can the president actually just do it? I mean, I know he “can” if people let him but, like, doesn’t that in theory require an act of Congress?
I don't think he can. If he somehow illegally forces the US Mint to stop making pennies, it doesn't solve the problem that no law allows stores to just round to the nearest 5 cents. Congress would need to pass that first.
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Up to three things now I can name that aren't insane or 100% self-serving:
- Legislation supporting HBCUs
- Recognition of the Lumbee Tribe (though some research leads me to think it's not such a black and white issue -- no pun intended)
- Ending the minting of basically useless pennies
$85 million is peanuts to the Federal Government, but cash in general is becoming quite outmoded and nobody may even notice if new bills and coins were only minted every other year.
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Let it be known that I'm capable of recognizing a good Trump action, however rare they may be
Canada did this a long time ago for similar reasons, and many other countries have stopped production of equivalent low-value coins as well.
Can't argue with this one.
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Good job broken clock
Remember, when you see these little nothing "wins" it's just meant to soften you up for a bigger piece of shit you're about to be forced to swallow. Like when a few of the trump supreme court justices pretend to vote on the side of reason to claim they contain multitudes. They [crying] love beer, boofing in the devil's triangle, being under his eye, going on billionaire kompromat vacations and dismantling the society you're trying to care for your family within.
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A broken clock is right twice a day
Makes me wonder what HIS reasoning was tho. Soon we use trump tokens anyway, and we have to start somewhere
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even a broken old clock with radium lume that's flaking off and also somehow is both filled with asbestos AND on fire will coincidentally show the correct time twice a day
Is he trying to run afoul of the zink lobby? Those folks go hard.
Those folks go hard.
I would say 2.5 on a scale of 1-10.
spoiler
Yes, I looked up the hardness.
If those people destroy Trump and Elon, I'll be somewhere between love and hate.
donald trump can have my ass pennies, I'm sure he's used some of them already
Dollars are the new cents
He just doesn't like the face on them.
oh, shit. i believe i found out why he's so against the penny now...
The Circulating Collectible Coin Redesign Act of 2020 (Pub. L. 116–330 (text) (PDF)) was signed by President Donald Trump on January 13, 2021. It provides for, among other things, special one-year designs for the circulating coinage in 2026, including the cent, for the United States Semiquincentennial (250th anniversary), with one of the designs to depict women.[98]
(emphasis added by me)
it's an episode 1 bill, that he signed, that would have put a woman or women on the penny (special designs, like the state quarters) and other coins for a year (2026). penny is the cheapest to acquire and horde, and far more are minted than all others combined.
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The only reason we still have pennies is the zinc mining companies bribing Congress. They’re the only losers here. (And they aren’t just going to close the zinc mines. So, the workers/miners probably won’t even be hurt. Just some owners/shareholders.)
bribing Congress
exactly.
i'm all for getting rid of it. but this goes through congress, first. then they send it to the white house for a signature.
a president, and i don't give a fuck who it is, can't rewrite legislation, or the constitution, whenever or however the fuck they want.
Canada did it first...
Honestly OK with this. Do the Nickel and Dime next. Quarters, Half Dollars, and Dollar coins are the only thing we need at this point.
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If pennies were accepted by vending machines, I'd actually spend them more often than saving them up in a giant pickle jar that I take to a coinstar once it's full and get like $10.
Just sweaty ass-pennies from now on.
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