United States | News & Politics

8221 readers

480 users here now

founded 4 years ago

MODERATORS

[email protected]

So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints (apnews.com)

submitted 4 months ago by [email protected] to c/[email protected]

43 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 5 points 4 months ago (4 children)

So, I'm not a fan of either the penny or the president, but is he allowed to do that?

[–] [email protected] 4 points 4 months ago

Like many things people say won't be done due to '3 branches of government', yes.

Besides, don't we have the hindsight of precedence?

Canada started phasing out its penny a dozen years ago and urged store owners to round prices to the nearest nickel for cash transactions. Electronic purchases were still billed to the nearest cent. The move came after New Zealand, Australia, the Netherlands, and others dropped their lowest-denomination coins.

After Canada stopped minting new pennies, it began recycling them for their “valuable” copper and zinc, according to a 2022 report from the Canadian Mint.

load more comments (3 replies)