Somehow, I completely missed that Trump ordered the US Treasury to stop minting new pennies back in February,
And the last penny was minted yesterday.
Roughly 250 billion pennies are still out there — though the American Bankers Association says the issue isn't supply, but circulation, with many coins collecting dust in jars.
Not only are pennies worth less than the time it takes to count them out, they are ridiculously expensive to make:
The Mint says ending penny production will save about $56 million annually, with each coin costing nearly 3.7 cents to make — more than triple its face value.
now they start minting this one
Haha, where can I get them
that's pretty good!
I have a cousin who stockpiles nickels because he says the melt value is worth more than 5 cents. Personally, I think it's not worth the hassle haha. Too bad he doesn't just buy bitcoin
Hah. What could the melt value be...6 cents?
Now we just need to stamp all pennies.