President Trump’s order to stop making "pennies" is not the first time the federal government discontinued the production of a coin denomination for use in circulation, explains veteran rare coin dealer and award-winning numismatic author Dr. Michael Fuljenz, president of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas.
"The last time that happened was 92 years ago in 1933, but it happened several times in the 1800s with the halt in production of coins that were no longer useful or not popular, such as half-cents, two-cent coins, and the short-lived twenty-cent denomination coins," said Fuljenz.
"Major countries around the world from Canada to Sweden to Australia have eliminated their lowest denomination coins and it was time for the United States to stop making pennies," he stated.
Technically, the U.S. actually does not make pennies.
"The official designation is cent. The common terms ‘penny’ and ‘pennies’ date back to colonial times when English pennies were in circulation. The first U.S. one-cent denomination coins, made of copper and about the size of a modern quarter-dollar, were struck for circulation starting in 1793. The cent was reduced to the size we have today in 1856, and Abraham Lincoln has appeared on the front of U.S. cents since 1909," explained Fuljenz.
Discontinued U.S. circulating coin denominations are:
- Half cents, made of copper, were produced from 1793 to 1857.
- Two-cent denomination copper coins were struck from 1864 to 1873, and the 1864-dated two-cent pieces were the first circulating U.S. coins to have the motto, IN GOD WE TRUST.
- Three-cent denomination coins, some made of silver, later made of nickel, were produced from 1851 to 1889.
- Twenty-cent denomination silver coins were only made from 1875 to 1878.
- Gold coins in denominations of $2.50 ("Quarter Eagle"), $5 ("Half Eagle"), $10 ("Eagle") and $20 ("Double Eagle") were made for circulation at various times from 1795 to 1933. There were also gold $1 denomination coins made from 1849 to 1889.
"U.S. Lincoln one-cent denomination coins used to be composed of 95 percent copper, however, since 1982 have been made of 97.5 percent zinc with a 2.5 percent plating of copper," explained Fuljenz. "The United States Mint Director Ventris Gibson told me in January that the cost of making one penny has now grown to over four cents each."
The cover story by Fuljenz in the February-March 2025 edition of COINage Magazine, "Do Pennies Make Sense," explains how eliminating one-cent coins would save taxpayers $1 billion a decade and there’s been bi-partisan support for many years to eliminate pennies.
Fuljenz was the 2021 American Numismatic Association Dealer of the Year. His weekly Fuljenz Metals Market Report (www.MikeFuljenz.com) newsletters and his crusading efforts on behalf of consumer/investor protection and education have earned more than 70 prestigious awards from professional journalism and numismatic organizations, such as the Press Club of Southeast Texas, the American Numismatic Association, the Professional Numismatists Guild, and the Numismatic Literary Guild.
For additional information about Universal Coin & Bullion, visit www.UniversalCoin.com or call (800) 248-2223.
I wish they’d just use steel or perhaps aluminum but I seem to recollect that aluminum will not work for some reason….
I’ll miss you Penny! You were always a cheap date!!
^^~ good luck to all said Keithster ~^^
It’s less about the material, and more about the production and distribution costs
Aluminum was tried way back in 1974, I recall a million 1974 aluminum cents were produced, but judged unsatisfactory and all were destroyed. Italy, Greece, Spain, Japan and many other countries have used aluminum coins. The aluminum Peseta of the 1990s, at half a gram, might only cost a cent to produce, but handling a pocket full of change with those tiny aluminum coins would be a really huge nuisance.
as others have replied, it’s not the metal really, it’s the labor cost to make all those cents, bag them, move them around, etc. even if the metal were provided to the mint free, it would still cost more than a cent to make. and really, nobody cares about the coins that much, you can see them on the ground all the time and only the most destitute people bother to pick them up. they can do like other countries, keep them going in uncirculated sets and stuff, maybe make them fancy and give them out to the poor/elderly like… Read more »
“only the most destitute people bother to pick them up.”
Hey, that’s ME!!!
Me too! 😀
Same here, I bother to pick up all change, and that includes the 1C.
I guess you & I are destitute after all.
wow really i am surprised and impressed that you bother to pick up any coin, especially the lowly 1-c coins. I’ve only bothered with quarters.
I actually came across an ike on a residential street once only about 5-6 years ago, I picked that up – it was in rough shape as it had been driven over a few times, but still worth a buck. I figured it was someone’s lucky dollar that apparently wasn’t lucky enough.
c_q,
I’ve been plucking the pre-1983 95% Coppers from circulation for the last 15 years off & on. So, a bit of a habit to pick-em-up I guess. The Copper goes in the jar, the zinc goes to Coinstar.
“A penny saved is twopence clear.”
Benjamin Franklin…..
Many moons of <1982 cents sitting about, I always pick up change even sometimes left at register by the prior absentminded customer @Kroger. Also, have been salting away nickels $10 for 5 rolls- a bargain in today’s economy. Next to go thru the bag o wheats I got about 20y ago……now to pick up that Mercury dime behind the couch
If you make $18 an hour, then 2 seconds is one cent. If you can stop or slow down, bend over, reach down, pick up the penny and get back up to speed in less than 2 seconds, then go ahead and pick up the penny. I’ll stick to nickels and up.
I recall the USM struck several Aluminum cent prototypes in the 1970s. They were offered to Congress to look and see how they were. Can you believe some of our illustrious legislators apparently took some!? Secret Service been looking for them for decades….
Rich…Open sesa me…
I opened my Mint sealed 5oz Pucks after sitting in the basement for 12 years.
The Mint sent them in their typical box with the flyers of the time, and the all too familiar 1 sheet of crinkled Kraft paper.
So far, so good.
The 2012-P Chaco, 2013-P Great Basin & Perry’s Victory 5oz’s are in remarkable condition.
The Vapor Blast SP finish is consistent and near perfect on all three coins.
The Perry’s Victory showed the slightest evidence of tarnish near the top rim of the coin. approx 1″ x 1/16″ in size. Not bad. The OGP ‘felt’ does a good job with contaminant absorption? I think so.
I had forgotten how cool these coins are..
And how BIG they are…
Interestingly, in 2012 these bad boys sold for $230 ea.
And in 2013 they sold for $155 ea. So believe it or not, the Mint actually Reduced their premium on these coins(spot factor?). Will they ever do that again?
⇊ Regular Ag Quarter vs 5oz Ag Quarter ⇊….
“Interestingly, in 2012 these bad boys sold for $230 ea. And in 2013 they sold for $155 ea. So believe it or not, the Mint actually Reduced their premium on these coins(spot factor?).” In CY2012 the very last P-puck was Denali and Launch Day it was sold @ $229.95. Launch Day (11/5/2012) LBMA Silver was $30.91/oz. In CY2013 there were 5 P-pucks released. The first two were @ $179.95 and the final three were @ $154.95. The first of the final three was Great Basin. Launch Day (07/25/2013) for Great Basin LBMA Silver was $19.92/oz. …SO…From Launch Day for Denali… Read more »
Launch Day for Great Basin (7/25/2013) LBMA Gold PM fix was $1,326.00. LBMA Silver fix was $19.92
Gold:Silver ratio was 66:1
February 10, 2025, LBMA Gold PM fix was $2,904.45
February 10, 2025, LBMA Silver fix was $32.265
Gold:Silver ratio was 90:1
From Launch Day Great Basin (07/25/2013) to 02/10/2025 LBMA Gold PM fix has gone Up $1,578.45/oz. OR 119%
From Launch Day Great Basin (07/25/2013) to 02/10/2025 LBMA Silver fix has gone Up $12.345/oz. OR 62%
Thanks for the analysis. At $155 ea in 2013 it seemed like a decent deal, given my bullish sentiment for an Ag rebound longer term(now)…
The Gold:Silver ratio at 90:1 seems off & unbalanced…
Predictions on a Gold:Silver ratio in 9 months?
No prediction…
90:1 currently
In 9 months:
Under 90:1 -130
Over 90:1 +110
Cag, thanks for the #$. The 154.95 price was the last decent price under Ryder Now what $450. For 5he next puck….I believe .hmm Au v. ag….Looks like a prediction, or Sports Book #$. Gold is strong hard to see silver making a dent in the gap lest something,
“The OGP ‘felt’ does a good job with contaminant absorption? I think so.”
Good to hear because as you know, I’m all about the OGP.
A question for the scientists out there – do the Mint-issued capsules provide short and/or long term protection, both, or neither?
The plastic used for Mint capsules is “supposed” to be PVC free stable material, clean and free of any contamination….. but often I see particles of the plastic material floating around on the coin….
no scientist here, but long term the mint’s capsules have seemed to keep hem all blast white. Haven’t noticed a lot of tarnish or milk spots on the pucks, be they P or bullion edition
Here we go… Bonfire of the Vanities
“Technically, the U.S. actually does not make pennies.”
This Prez does not understand anything technically, but if he says they’re pennies, then by golly they’re pennies. And the Gulf of Mexico is now the Gulf of America. God Bless the United States of ‘Merica.
And green eggs and ham is now 99c
With or without the ham?
Unfortunately no, the ham is not included.
The “Pork” has been hidden, re-named, and distributed to those that do not have our best interests in mind as Americans.
However, there is a very strong and transparent effort to recoup some of that “Pork”…
Look! So far there is enough potential savings for me, a Taxpayer, to buy more Gold!
https://dogegov.com/dogeclock
I’ve always heard that South African swine are voracious eaters of everything they find. They certainly don’t like to share with anyone outside of their species.
Some live high on the hog while others get trampled by them. I prefer to live in the sausage zone and avoid the extremes.
Maybe but in Texas the wild swine Boar is a plague. Thought, hungry, fertile, overrunning everything. Open season but the meat tho porky runs gamey at times. Like the difference, I’ve noticed between wild elk meat, and corralled Elk that munch grain and are kept domesticated.
Once again REB, well said. Your insightful and respectful retorts are always appreciated, kudos.
Pigeon eggs nowadays….
nickels aren’t technically nickels either (they are 5-cent coins). at least dimes are in fact dimes, not 10-cent coins. though the old 20-cent coins are not 2-dime coins (why not?)
I’ve been wishing cents would get eliminated for a loooong time. it’s a bit of a pet peeve of mine. but you can’t just stop making a coin without having some plan to deal with it. in particular, if you just stop making them cold, eventually banks and stores will not be able to make exact change. there’s currently no legal way to not pay people what they are due, even if it is just a couple of cents, so without any legislation in place to deal with rounding, banks and stores will likely be forced to round up change… Read more »
^This is what I tried to say in a previous comment section, albeit, much less elegantly.
true. but I guess you could say it’s a non-event because so many 1c are lying around. the Canadian 1c is still in circulation after production stopped after their 2012 cent (and Canada made a lot fewer 1c coins than the US). so, because of this melting will likely not be permitted for another 20 years– until after it stops being used as legal tender.
As long as I can find a 2025 to add to my collection is all I care about. 1909 to 2025. The Lincoln Cent is the longest circulating U.S. coin. In amount of coins produced, possibly the most coins ever produced in world history. It’s time its ship has sailed.
i would want at least a few examples of 2025 for sure. if they do discontinue it, they would probably go out with a bang and make 10 versions or something and gouge us all for them.
Going to start searching for rolls, seems CVS always get shiny purdy coins
I wonder John Q. when the Fed will stop meeting bank orders for 1c boxes? Perhaps it’s worthwhile to buy a few boxes now and stash for auctioning rolls later down the line. I’m surprised at how much old 1c wheat bank rolls go for at auction. Perhaps rolls with 1c memorial coppers on the ends will be sought after in time. Not in my lifetime, but rather an heirloom to leave for family. About 20% of 1c boxes are memorial copper I’ve found.
Don’t know but I’m gonna sniff around d like a boar….digging out 25s like truffles…
As the distributors have a long supply chain still coming out, but based on my experience in the past and then we will see very few 2025 Lincoln’s—> Mint insiders, Brinks and Loomis sorters, bank tellers will suck them up like a Vampire in a Red Cross Blood bank…. Nickels are as scare as accurate public representations from the USM these daze…. Or explaining how a pallet of gold got melted and “disappeared”. A clue kids, gold melts but it ain’t chocolate it went SOMEWHERE.
John Q., I just picked up 20 rolls of 2024 nickels from my bank. They’re out there plenty I’d say. Bank tellers I deal with are oblivious to coins.
That’s what the Canadian Royal Mint did in 2012 c_q. Lots of “last penny” products. The US Mint could make a killing selling rolls and bags.
Sweden is a good example of where the United States should go in terms of low denomination coins. The Swedish Krone has fluctuated between 10 and 15 US cents, and there were 100 ore to the Krone. 50 years ago Sweden had 1, 2 and 5 ore coins. The 5 ore was the size of a Sacagawea Dollar. The 1 and 2 ore coins were eliminated and the 5 ore was drastically reduced in size. In just 10 years people tired of the small 5 ore, and it was eliminated along with the 25 ore. There was a surge of… Read more »
I would agree with following what Sweden did, eliminate the cent, nickel and quarter. Then reduce the size of the half dollar and keep the dime. Eliminate dollar bills and release the billions of dollar coins now just sitting in vaults.
I’m with you there, CarlS! I’d go for 3 circulating coins: a dollar, a half dollar ( slightly larger than a nickel) and a 1/10 th dollar (dime).
If we’re going to just do three coins, I’d opt for the half, dime, and a new 20c coin (19.5mm, 4.5g–smaller than the quarter, but bigger than the nickel). And let the quarter and nickel remain in circulation, but don’t make anymore. This will likely upset vending and laundry machine operators. But if you keep making the quarter, you’ll need to keep making the nickel as well for change purposes.
If you do a down and dirty accounting analysis of the United States Mint’s circulating cent, you can see that Someone Really Really wants the penny to disappear…
definitely……same rational could be applied to the nickel
The last CN article said the nickel costed almost 14c.
From the Mint’s Annual Report, unit cost is 13.78c to produce and distribute. 8.78c above face value.
Cents and nickels are real losers, even accounting tricks cannot hide the drag they put out. Cents usLess in real world. It seems a lot of the mints coins have kinda disappeared in the past
I’d say the years are numbered for all circulating coins and bills. 100% digital currency is coming, eventually.
Yes, for some it has already happened. But if all transactions are electronic, would metal coins become irrelevant examples of a primitive past or valuable relics of history. Will I slip into a dim alleyway, beckon a shady creature from the shadows to exchange some legacy coins for a pre-release of the latest black market food cartridge?
Kia99, the black market will always exist. In the future likely for PM coins, using atomic absorption spectroscopy to detect the quantity of each metal– just another feature of a phone or wristwatch.
Since the nickel is also at a loss, I wonder if we can bring back the half dime?
I’m going go subversive and say eliminate the penny and nickel and reinstate the 3c piece 🙂
Good idea. Change the value of the penny to 3 cents to cover the cost of mfg. no more loss!! 🙂
By the way, I wonder if the mint has stopped making the penny or was that put on a hold by a judge?
Problem with changing the value of a coin, and otherwise keeping the same size and weight is that it will mess with coin rolls, which is how businesses deposit and buy coins from banks. If you change the value, you’ll need to change the size and have a completely new coin roll wrap. As for a new 3c, how exactly would you make change without the 1c? And frankly, by the time you make a new 3c, it will likely cost the Mint 9c.
I did point out I was trying to be subversive with the 3c coin suggestion. 🙂
That you did, VinnieC!
well, unlike the cent (where the labor cost of making it is more than it is worth even if the mint got metal for free), the nickel actually has a good amount of copper and nickel which does represent a good portion of it’s $0.13 production cost. they could make it out of nickel-coated steel probably for around half that, so although this would be better, it’s not enough to make it worthwhile. however, it’s also possible that without the mint spending 50% of its production time making cents, they may be able to produce the nickels and other coins… Read more »
It’s certainly a cost savings to change the metal mix to something cheaper but the coin itself (if keeping the 5c) would need to keep the same diameter and thickness. Otherwise, the 5c roll would be an absolute mess for banks to keep in trays.
i also picked them out of the street, wrapped them up, and then would go to the bank, Free money!
✓
Should also stop producing 5 cent coins since it costs more than face value to produce as well.Round all cash transactions up to the nearest dime and take a temporary hit from the inflation it would cause. Perhaps produce these coins for collector sets but not for circulation.
If there ample dimes and quarters available, then at most one nickel is required per transaction. Ends in. Nickel needed? 0. 25. 50. 75. No 5. 30. 55. 80. Yes 10. 35. 60. 85. No 15. 40. 65. 90. Yes 20. 45. 70. 95. No. . One nickel is needed in only 40% of transactions, and even then using more dimes can eliminate the need for a nickel. For example, 55 cents can be made with one quarter and 3 dimes. The nickel will never be the nuisance the penny is. Cash drawers have 5 slots for coins and notes.… Read more »
It seems like the basic math skill to make change is not a prerequisite for cashiers these days. I watch them struggle with counting out change. I watch them try to make corrections when they punch in the wrong amount tendered in the cash register. This is just an observation and pet peeve of mine.
I suppose it is my own fault for not using credit cards more.
i’ve seen it also recently. i’ve even had some difficulty giving clerks odd change to round up to a multiple of a quarter. for example, if my total is 9.31 and i have a nickel and a cent i hand that over with a $10 expecting 3 quarters back. but often they almost stare at what i handed them and they have to figure out how to enter it. once i had a clerk actually register each coin (and bill) individually (i.e., hit 1 for a cent, 5 for a nickel, reducing the total due each time) rather than count… Read more »
Ooops, just repeated similar above c q….
Give them a half or an Ike and watch the confusion….. many have no clue on making change I had a $14.40 purchase gave them $20.40. Cashier asked me “why”.
Or perhaps the cashier meant, why are you using cash? I don’t think it’s fair to besmirch the younger generations for not knowing older coins that came and went out of circulation before they were born, like the Ike or SBA. Or those that are barely circulated at all, like the Kennedy half, “golden” dollars and $2 bills.
@JQC, I’ve had a similar situation where I ended up with a few dollars worth of quarters when they ran out of ones. Unfortunately in that particular instance I don’t think I ended up with any interesting quarters @MajorD I’ve also had cashiers pawn off Kennedy Halves and “golden” dollars on me. I suspect it is because they can’t stand the “out of the norm” coins in their cash drawers. I also suspect they try to pawn off foreign coins on me too. I don’t really mind that either. I mentioned before I got a Canadian penny from the 1920s… Read more »
“All of this because I try to deny the credit card companies their interchange fee. I guess more subversiveness on my part.”
Amen. I’m right there with you, Vinnie.
Vinnie C, I really like getting old Canadian coins in change or bank rolls, too. Those cc fees hit small businesses really hard, so I’m with you there as well!
Yes, it’s true retailers can get by with fewer nickels.
As for cash drawer slots, I’d add that the 1c will not be going away from circulation for a long time– unless it is deemed by the Gov to no longer be legal tender. In that situation I would expect a Gov advance notice and amply time window to allow deposits of 1c rolls to the banks, and that banks would be required to accept them.
well, all the old 2-cent, 3-cent, 20-cent and even half-cent coins are all still legal tender, though one would have to be completely nuts to actually spend even the worst examples at face value. I doubt they would make 1-cents not legal tender, that would get a lot of people worked up.
The 1C will remain legal tender, as it does for all U.S. coins that had ever been minted.
I agree with you c_q. Suggesting that the 1C be deemed to be no longer legal tender may convey ignorance when it comes to the history US circulating coinage.
I was totally ignorant about circulating UK currency. A coworker of mine was going to England around 2010. I handed him a series E £10 note to buy something cheap like post cards and bring back the change in £1 coins. Little did i know that that series got de-monetized and was no longer legal tender since 2003. Later attempt to obtain £1 coins resulted in some of the most thrashed coins I’ve ever seen. My forays into circulating Canadian coins has resulted me in a few shiny Loonies and Toonies (I’ve had good luck with SkyTrain ticket vending machines… Read more »
we get a bit spoiled in the US that we have hardly demonetized any coin or currency, about the only thing that comes close to that is trade dollar (which was also technically re-monetized years later), and the 1933 withdrawal of gold coins and notes (and not even really demonetized, just made outright illegal to hold privately). and that makes it a bit shocking when you find out some foreign coin or bill you brought home from a trip years ago suddenly became worthless on a return trip. the UK got rid of their ‘hockey puck’ pound coin a while… Read more »
VinnieC, there could be grass roots support for demonetizing the 1c because it would allow legal melting. It would be a bonanza for both copper hoarders and collectors alike. Hoarders could get just under 3c for every coin; and collectors would see upticks in values due to greatly diminished surviving mintages.
Hey bozo, I said “unless….” As in “the 1c will not be going away from circulation for a long time– unless…..”
France, Belgium and Nederland, amongst others have demonetized all their coins and most of their banknotes, and I hate it. The 5 Guilder, originally worth over 2 Dollars and the French 10 Franc, worth $1.50 have been completely worthless for over 20 years. I was in Belgium 30 years ago, and handed the cashier some copper nickel 5 francs, and the cashier went nuts.
According to the Mint’s Circulating Coin Production: 82,400,000 Denver and 160,000,000 Philadelphia Lincoln cents have been made so far in 2025: a total of 242,400,000. For perspective, if not another one is made, the 2025 (P) 1c is going to be about as plentiful as the 2021-P Tuskegee ATB quarter; and the 2025-D 1c will be as plentiful as the 2024-P nickel. Of those later coins, I’ve found plenty of both.
Yep. 2025 penny not rare anyway you look at it. However the proof and specially enhanced unc penny’s (if they exist) might be worth something this last year of production. Time will tell.
East Coast Guru, I would bet the 2025 proof set, silver proof set and uncirculated set will all have the 1c. The question will be how many of each set will get made, seeing the demand and mintages have been steadily declining.
The mint will probably continue putting the cent in sets. Think of all the Lincoln collectors that will be forced to buy the mint set for $40 and get stuck with all those Innovation Dollars, or whatever stupid idea Congress comes up with next, just to get the penny. The recent proof and special Lincoln Cents have lower mintages than the 1909 S VDB, but can be had for a couple bucks. I have always been bullish on the 2009 proof and satin Lincolns eventually becoming valuable. Just picked up a 2009 silver proof set for $50, essentially getting the… Read more »
The 2025 proof set comes out in under a month. Those 1c have already been made. Moving forward, come 2026 I seriously doubt there will be any 1c in any sets. The annual sets highlight the circulating coins, so if it ain’t circulating, it won’t be in the sets. It’s too bad that the 1c semiquincentennial design gets shelved if that happens and we’ll never see it.
Andy, I’m a big fan of the 2009 copper satin 1c from the mint set, but they will never rival the 1909 S VDB cent, or the W quarters for that matter– because they were never circulated, and there are way too many finely preserved specimens. Congrats on the silver proof set! It’s great whenever you can get free coins. I’ve done that with many Prestige proof sets.
The mint could do the same thing they did with the Kennedy half and Presidential dollars as long as Congress doesn’t tell the mint to completely stop penny production. Lack of real circulation of Innovation dollars doesn’t seem to keep the mint from offering several products.
The 2009 copper pennies will never hit $1000 like the scarce Lincolns, but it seems frequently being able to pick them up in proof or mint sets for virtually nothing is undervalued.
I definitely agree with you about the 2009 copper 1c being undervalued. The AI$ are purely a Mint numismatic product, not intended for circulation, that the Mint was forced to make through legislation.
Rick… The Gold:Silver ratio at 90:1 seems off & unbalanced…
Your observation is keen, as the gold-to-silver ratio has historically bounced between 50 and 80 (see attached chart). Using the 80/50 Rule for gold and silver: when ratio >= 80 buy silver (instead of gold) and when ratio <= 50 sell silver and buy gold.
Great chart, Rich. Thanks for sharing.
I looked at the purchasing power of our coins compared to the same size washers. I see that a cent sized galvanized washer costs around 50 cents, and a half dollar sized washer now costs about 2 dollars.
My spare hardware jar may be worth more than my coin jar!
lol.
or, you can get out the drill press and make cheap washers… oh wait, that’s not legal technically darn
My understanding is that it is only illegal if I put them back in circulation. All those penny presses at tourist sites are legal.
You’re definitely on to something there, Kia99!
Not trying to start a political discussion, but does POTUS have the Constitutional authority to order the USM to either produce or not produce any given circulating coin? I was under the impression that such actions literally require an act of Congress. Fully support the idea of removing the 1c from production, but can DT legally order it done? Several other exec orders have been (temporarily) halted by multiple judges. Please, no name-calling; I’m only interested in where the Constitutional authority lies. I’m no Constitutional scholar, so it seems a legitimate question to me.
Here’s one reference regarding said question:
https://constitution.congress.gov/browse/essay/artI-S8-C5-1/ALDE_00001066/#:~:text=Article%20I%2C%20Section%208%2C%20Clause,Weights%20and%20Measures%3B%20.%20.%20.
I don’t think Trump has the authority. There has been no Exec Order either, he can’t do it. It’s just talk so far from him, like all of the speculation above from everybody, just talk and wishful thinking. Can the Mint be persuaded to curtail production to save $? Maybe. The Prez can say something to the Treas Sec, and the Sec can say something to the Mint(which already took place).. Better yet, the Fed can flat-out stop/reduce orders of the 1C coins despite so called ‘public demand’. I’m going to stick with what I said 3 weeks ago(for now… Read more »
It doesn’t matter. Every department and agency has complied with what Trump wants, whether legal or not. Trump says Gulf of America, and now FAA says the same. I guarantee the Mint has stopped production. lol all you want.
Even if trump doesn’t have the authority to stop penny production, this sends a signal to the Federal Reserve, Walmart, Circle K, Chase, Wells Fargo and others that would love to see the penny dissappear, that they can stop handling pennies. If the Fed and banks stop ordering pennies, the end will come soon. People will just top off their cookie jar whenever they get a penny. The zinc lobby has been able to influence Congress for far too long. 35 years ago, I attended a House subcommittee on banking, and asked the Chairman Frank Annunzio why the penny was… Read more »
The 1c will be here for a long, long time after production ends.
It doesn’t matter if he has Constitutional authority or not. The law is whatever the Prez wants now, Constitution be damned.
the way it is supposed to be, congress makes the laws, the executive branch executes and enforces the laws, and the judicial branch steps in when there are conflicts or questions about the laws. the law states that the mint can only make certain specified denominations, and shall (which means ‘must’) make them ‘as needed for commerce’. so, basically, as long as the mint gets orders for coins, they make them and send them out charging face value for them. but it’s not hard for the phrase ‘as needed for commerce’ to be interepreted to mean that cents are not… Read more »
In a normal time, it would be as you say. But now the law is whatever Trump says it is. And the courts and Congress scramble to make it so.
Gotta love it when a plan comes together!! Brandon did everything by the book too!! LMAO!!!
I’ll be LMAO when Trump confiscates gold.
Major D**k,
You are EVIL, no two ways about it! You are so bad, I can’t even feel sorry for you! Evil & Pathetic!! You need to start back on your meds! 😉
Well, as always, Good Luck ALL, except one of You, lol!!!