Time to say goodbye to the good old cent.
Mr. President, a penny for your thoughts? The American people recently learned that the US government could soon be laying to rest the good old one-cent coin. President Donald Trump posted on Truth Social that he wants to stop producing the penny, calling it “wasteful.” His remarks came soon after the Department of Government Efficiency (DOGE) highlighted the enormous costs of manufacturing the low-value coin. Is it time to say goodbye to Honest Abe’s profile?
The War on the Penny
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” the president said in a Feb. 9 post on the social media platform. “This is so wasteful! I have instructed my Secretary of the U.S. Treasury to stop producing new pennies. Let’s rip the waste out…
