Minting pennies is a loss-maker that Elon Musk and DOGE want to stop: America loses money while making some of its money.

Sherwood ^ | 03/23/2025 | Tom Jones

[T.B. Yoits]

[Telepathic Intruder]

You can’t even buy anything anymore that’s worth less than 25¢.

[Its All Over Except ...]

Big deal.

Saving pennies on pennies on the dollar here.

The value of the dollar has significantly eroded for 100 years under the federal reserve.

Central banks...federal reserve...petrol dollar, all so that deficit spending can can continue under every administration, Dem or Repub:

https://x.com/zerohedge/status/1638915522334187521

[SunkenCiv]

Generally I use plastic. :^)

• How much does it cost to make a penny, and are we 'losing' money on other coins? [02/10/2025]
• Trump orders Secretary of the US Treasury to stop producing new pennies [02/09/2025]
• Elon Musk's DOGE is coming for the penny [01/24/2025]
• DOGE takes aim at the penny [01/22/2025]
• Bid Farewell to Pennies and Nickels! [11/27/2012]
• The penny's days are numbered (Canada ends production of cent) [03/29/2012]
• If Laws Change, 'Penny Hoarders' Could Cash In On Thousands Of Dollars [12/04/2011]
• Do Pennies make SENSE? [02/13/2009]
• Penny foolish [08/19/2007]
• Pennies May Soon Be a Thing of the Past [07/02/2006]
• Move Over, Gold... (pennies and nickels may be worth more for their metal content) [02/27/2004]
• Ban The Penny [07/05/2002]

[Oscar in Batangas]

I’ll sell FedGov some of mine...2/$0.03...FOB my piggy banks

[lee martell]

Eliminating the penny is another topic of ongoing discussion where nothing is actually changing. The other topic is ending daylight savings time.Stomp them both out asap, good and proper.

[HighSierra5]

This sounds like trying to make a case for a cashless society. I think lead is going to be worth a lot.

[jcon40]

Simple solution:

1 penny = 1 nickle
1 nickle = 1 quarter
1 dime = half a dollar
1 quarter = $1.25
Fiddy cents = $2.50
A buck = a fiver
A fiver = $25

And so on

[fidelis]

With the disappearance of the penny, just think of all the things old timers will have to explain to youngsters who have never seen a penny:

penny loafers
penny candy
a penny for your thoughts
pennies from heaven
Penny Lane
A bad penny always turns up
A penny saved is a penny earned
Penny dreadful
Penny-pinching
Penny wise and pound foolish

And so on...

[linMcHlp]

Keep producing the coins.

[Bob434]

Yes but they can make up the loss with bulk... old joke

[Paladin2]

Maybe we should have an Inflation Target of -1.0%.

[minnesota_bound]

The cost I suspect is more because it is the gov’t producing them. See if the “Franklin Mint” can do this cheaper : )

[Mr. Blond]

That’s how we fight inflation.

[VanShuyten]

Make them out of aluminum, iron, or even plastic.

[Revel]

It costs almost 14 cents to mint a nickel. So do they go next?

[Jyotishi]

“Simple solution: 1 penny = 1 nickle . . .”

Yes, make a penny worth 5 cents.

[SaveFerris]

[Stop making cents]

HEY! I’ve been doing that for years now!!

I could cut an album...

Oh, you said “cents”.....

Never mind...

[gundog]

The San Francisco Mint was making decent money selling quarters with the “S” mint mark, for some years. It’s not like the mints can’t crank out collector sets at a premium.