by cranky908canuck on 2/10/25, 11:12 PM
by rsynnott on 2/10/25, 4:09 PM
Okay, even a stopped clock is right twice a day. Though it's not particularly original; I think about half the eurozone has stopped production of 1 and 2 cent coins, at this point, and in some cases demonetised them. Presumably to the disappointment of washing machine repair providers everywhere; their size made them perfect for jamming in the pump in a particularly awkward to extract manner.
by firesteelrain on 2/10/25, 3:47 AM
Seems reasonable. What’s the downside other than someone losing a zinc contract?
by jessikat on 2/10/25, 4:15 AM
It's kind of ridiculous that the US has held onto pennies for this long. New Zealand phased out our 5 cent coins back in 2006, approximately 3 US pennies worth at present.
by whycome on 2/10/25, 4:10 AM
Is there a tariff on practices imported from Canada?
by dlcarrier on 2/10/25, 4:19 AM
I've been holding onto every pre-1982 penny I come across, because I one day want to get 499 of them, and take them to Mexico or Canada to smelt them to use in some kind of art project.
When we finally stop making pennies in the US, will that make it legal to melt them down?
by m463 on 2/11/25, 5:06 AM
I have to say though... are the value in coins intrinsic or as a medium of exchange?
Although I've heard pennies just end up in a drawer, don't they have value to the economy to exchange (many times) goods and services back and forth for coins?
is it just convention nowadays, left over from storing gold?
by em-bee on 2/10/25, 11:25 PM
next move, please finally enforce the switch to the metric system!
if you want to cement your legacy as US president, that would do it.
by JumpCrisscross on 2/11/25, 1:52 AM
We lose money minting pennies and nickels. Both should be abolished.
Dimes, quarters and dollar coins.
by LorenDB on 2/10/25, 3:24 AM
by Nasrudith on 2/10/25, 11:57 PM
Reminds me of the Japanese sen and how it was discontinued post WW2 for becoming too negligible.
by Aloisius on 2/11/25, 1:12 AM
Don't we need a law that permits rounding of prices though?
If stores round down, they can potentially collect too little sales tax. If they round up, they're charging above the advertised price which, afaik, is fraud.
by Clubber on 2/11/25, 11:55 AM
While we're talking currency, we need to start making a $500 bill again. The $500 bill was removed in 1969 making the $100 bill the largest denomination. In 1969, $100 was worth around $860.
by dennis_jeeves2 on 2/11/25, 2:06 PM
Here is a thought - how about engineering deflation until the penny become valuable again? Will take decades though.
Make the penny great again!
by silexia on 2/10/25, 3:57 AM
Brilliant idea! We also should probably stop nickels and dimes at this point and maybe even quarters.
by pentel-0_5 on 2/10/25, 4:43 AM
I almost have a Trump changes bingo. Waiting for renaming a day of the week or a month, and going to war with either Switzerland or Italy.
Seriously, this one isn't actually dumb, dramatic, or insane. I approve.
by ThrowawayTestr on 2/11/25, 10:56 AM
Wow, an actual good idea from Trump. What a pleasant surprise.
by throwaway519 on 2/10/25, 3:50 AM
It won't be needed with inflation caused by the new import taxes.
by WheelsAtLarge on 2/10/25, 4:17 AM
This seems like a silly and easy thing to do but it hasn't gotten done. It has been on the to-list for years if not decades. Special interest and voter pushback has always stopped it. It looks like President Trump will finally make it happen. I think it speaks to the strength of his presidency. We are in for a lot of changes.
by afcool83 on 2/10/25, 3:27 AM
Flooding the zone with both reasonable sh* and unreasonable sh* is still flooding the zone with sh*.
Notice the timing of his statement. Right in the middle of the largest sporting event in the US. Eyes were elsewhere and it brought them back to himself.