RIP US Penny: March 1, 1793 - November 12, 2025

[Nostalgic]

 

[Remote]

No more pennies.
And yall thoughts ain’t worth a nickel.

 

[DJ Paul's Arm]

Now everyone’s collecting them lil shyts.

 

[Json]

Penny dropped on the penny

 

[stave]

coins

 

[CopiousX]

Sounds like more trump inflation. The price of things will be rounded up by 4 percent until its an even 5cents.

 

[BlackBall]

Good thing I didn’t coinstar my stash

 

[concise]

This is not a good thing.

https://www.cnn.com/2025/02/10/business/costs-of-pennies-and-nickels/index.html

Trump actually undersold the cost argument — pennies cost more than 3 cents to produce.

But there’s a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every penny.

“Without the penny, the volume of nickels in circulation would have to rise to fill the gap in small-value transactions. Far from saving money, eliminating the penny shifts and amplifies the financial burden,” said American for Common Cents, a pro-penny group funded primarily by Artazn, the company that has the contract to provide the blanks used to make pennies.

According to the latest annual report from the US Mint, each penny cost 3.7 cents to make, including the 3 cents for production costs, and 0.7 cents per coin for administrative and distribution costs. But each nickel costs 13.8 cents, with 11 cents of production costs and 2.8 cents of administrative and distribution costs. These figures are for the government’s fiscal year, which ends on September.

 

[Diyhai]

This is not a good thing.

https://www.cnn.com/2025/02/10/business/costs-of-pennies-and-nickels/index.html

money should just be digital any way
cuz that's all it is made up numbers

"the company that has the contract to provide the blanks used to make pennies." you expect a barber to tell you you don't need a haircut

 

[CopiousX]

This is not a good thing.

https://www.cnn.com/2025/02/10/business/costs-of-pennies-and-nickels/index.html

Knowing the type of con man that he is, I wouldn't be surprised if he uses the collapse of the US Mint as an excuse to shift the country to his cryptocurrency

 

[King Static X]

Good. One of the extremely few good things Trump has done.

The penny is useless. Now, we should just do what Canada did after they got rid of their penny and simply round to nearest multiple of 5 cents.

 

[Nostalgic]

money should just be digital any way

That's what crypto currency is, and that's currently isn't doing too well.

 

[the cool]

Mann I thought penny hardaway died for a second

 

[Nostalgic]

Mann I thought penny hardaway died for a second

Hardaway kept himself in good condition to be 232, Helluva life he lived.

 

[concise]

Hardaway kept himself in good condition to be 232, Helluva life he lived.