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Author Topic: Trump Directs Treasury Secretary Scott Bessent to ‘Stop Producing New Pennies’  (Read 372 times)

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Offline mystery-ak

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Trump Directs Treasury Secretary Scott Bessent to ‘Stop Producing New Pennies’
« on: February 10, 2025, 09:02:05 am »
Elizabeth Weibe l9 Feb 2025

President Donald Trump announced he had instructed Treasury Secretary Scott Bessent to have the Treasury Department stop making new pennies, explaining that it costs more than two cents to make them.

“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump wrote in a post on Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”

Trump’s post comes after Elon Musk’s Department of Government Efficiency (DOGE) wrote in a post on X in January that the penny costs more than three cents to make and cost American taxpayers “over $179 million in FY2023.”

“The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023,” DOGE wrote. “The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 billion coins for circulation produced.”

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https://www.breitbart.com/politics/2025/02/09/trump-directs-treasury-secretary-scott-bessent-stop-producing-new-pennies/
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Offline mountaineer

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Re: Trump Directs Treasury Secretary Scott Bessent to ‘Stop Producing New Pennies’
« Reply #1 on: February 10, 2025, 09:28:50 am »
Bonchie
@bonchieredstate
Democrats are going to claim the penny is a foundation of democracy and that this is tyranny, aren’t they?
9:42 PM · Feb 9, 2025


Probably. Let the countdown begin:  10 ... 9 ... 8 ...
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Offline catfish1957

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Re: Trump Directs Treasury Secretary Scott Bessent to ‘Stop Producing New Pennies’
« Reply #2 on: February 10, 2025, 09:34:33 am »
The numimastic in all us, hates this, but I guess its time.

Hint:  If these do get stopped Feb 10, those '24 pennies are going to be a rare date to collect.  Next up?  Dollar bills in favor of coins?
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Offline mountaineer

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Re: Trump Directs Treasury Secretary Scott Bessent to ‘Stop Producing New Pennies’
« Reply #3 on: February 10, 2025, 09:38:59 am »
Quote from: catfish1957 on February 10, 2025, 09:34:33 am
The numimastic in all us, hates this, but I guess its time.
The Luddite and traditionalist in me hates it, too. I like the idea of cash, something physical in your hand. If pennies go away, will dimes and quarters follow? Let the hoarding begin!
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The abnormal is not the normal just because it is prevalent.
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Offline catfish1957

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Re: Trump Directs Treasury Secretary Scott Bessent to ‘Stop Producing New Pennies’
« Reply #4 on: February 10, 2025, 09:59:16 am »
Quote from: mountaineer on February 10, 2025, 09:38:59 am
The Luddite and traditionalist in me hates it, too. I like the idea of cash, something physical in your hand. If pennies go away, will dimes and quarters follow? Let the hoarding begin!

Agreed.  And I tell ya, there aren't many of us who remember when you actually could buy something with a penny.
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Online Wingnut

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Re: Trump Directs Treasury Secretary Scott Bessent to ‘Stop Producing New Pennies’
« Reply #5 on: February 10, 2025, 10:37:22 am »
Remember there are millions and millions and millions of 1 cent coins out there.  Some in circulation but many many are sitting in jars, plastic tubs, and such in peoples closets.  If people would cash in those hoarded penny's... they could last for decades befor we needed to stamp new ones.
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Online Weird Tolkienish Figure

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Re: Trump Directs Treasury Secretary Scott Bessent to ‘Stop Producing New Pennies’
« Reply #6 on: February 10, 2025, 11:02:37 am »
Trump needs to stop taking on every little thing. Concentrate on the big important stuff now. Pennies don't matter.
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