As part of his plan Cut the remains of the alleged federal governmentPresident Donald Trump, literally touching pennies, ordering the Secretary of His Treasure to produce new coins in the US 1-Center.
On the ads on Sunday, Trump said Trump said 16. Coins with President Profile, in Abraham Lincoln, is more than twice.
“For a very long time the United States hurt the pennies, which costs us literally more than 2 cents. This is useless!” Trump wrote. “I ordered my Finance Secretary to produce new pennies. Let the waste from the big budget of our nation, even if it is a penny at the same time.”
According to the US Mint, the cost of producing a single penny has doubled in recent years, 1.76 cents in 202 in 2024 in 2024.
Paper $ 1 bill printing is cheaper than producing a penny, 97.5% and 2.5% of the US menta and must fit the metal. According to Federal ReserveThe Treasury Recording and Printing Office costs 3.2 cents $ 1 printing a note – less than a penny ending.
President Donald Trump attends Eugene Scalia at the Secretary of Labor Oval Office on September 30, 2019 in Washington.
Chip Somodevilla / Getty Images
US Mint lost $ 85.3 million in 2024 at 824, according to the mint Annual Report To Congress.
Is it legal?
There is no light Trump if the coin has the power to withdraw, it was part of the American fabric, with 116 years with Lincoln portrait.
The movement probably should be the approval of Congress. Despite being part of the US treasure, “the Congress is allowed by most medals that manufacture and supervision of the US.” US Mint’s website.
The Secretary of the Treasury Scott Bessent in Washington, February 3, 2025, talks at Washington.
Elizabeth Frantz / Reuters
However, the professor Emeritus of Laurence H. Tribe, Carl M. Loeb University University Law, said the teacher Related press yellow US codeThe list of general and sustained statues, the Secretary of Trump’s Treasury, gives the authority of penny scrap.
Cost of coins of the membrane
US Mint, Adobe
While the courts and others discuss, Trump discusses whether many executive commandments make the legal presentation, “This action seems completely legally and fully constitutional,” the tribe said.
If Trump gets his way to the USA 12. Currency coins, Cent-cent coins, 20 cents pieces and “trime” – three-cent pieces 1873, Caroline Turco, Colorado Springs- The Commissioner of the Eko Money Museum said ABC said to the news.
“We retired for a variety of different reasons, but they became too expensive to produce or produce,” Turco said.
Is it a good idea?
Mark Weller, Executive American Director for Cent Communition – Washington, DC, Congress Research and Executive Director offers research in the advantages of the penny.
Cost to raise a penny upwards
US Mint, Adobe
“It would be bad for consumers and the economy would be bad,” Weller said the ABC News. “Actually, it would not save money, but would increase government losses and would have some unintentional economic consequences.”
Weller said to leave the penny to increase the production of Nickel Menda. The cost of the US mint, the cost of completing a single nickel is almost 14 cents, almost three times the value of the coin face and the cost of throwing a penny more than three and a half times.
“Without a penny, nickel production could be almost double, which would increase mint loss,” Weller said. “So it’s hard to understand how you can create much more money than you’re losing more money and saves money.”
The benevolent said that a penny would climb for American consumers.
A pile of US pennies is seen, February 10, 2025, in Washington.
Saul Loeb / AFP via Getty Images
“Most economists agree if private businesses are profitable motifs. So the hypothesis would be to round things, not to be rounded,” Welshrad said.
Although digital payments are becoming increasingly common, Weller said it is essential in cash, especially for someone who is economically underlying and below. “
“Most Americans want to hold the penny,” Weller said. “It is a very large number of ideas to round the transaction.”
US Mintxa 2024. He produced a 3.2 trillion center in the scientific year, according to the annual report of the Congress, 250 billion centers calculated in 250 trillion centers today.
The US pennies rolls are seen in Washington, February 10, 2025.
Saul Loeb / AFP via Getty Images
History of the penny
Turco, the American Numismatic Association of the Museum, told ABC News is a great wrong idea about the penny, technically, it never existed in the United States.
“The American system does not have a” penny “. That’s wrong,” Turco said. “We have a hundred when we rebelled against the British, and they had the British word.”
Turco said that the 1-percent piece was created in the United States for the first time in 1793 and was originally the size of the current quarter.
A machine loads white penny in the U.S. Mint, Colorado before sealing on October 19, 2009.
Matthew Staver / Bloomberg via Getty Images
Turco said Lincoln, and it is similar to that in the $ 5 invoice, in 1909 the coin was added.
If Trump’s wishes are met, the United States would not be the first country to remove coins, Turco said. Canada, for example, decided to do a penny in 2012. In the US, the Department of Defense in 1980 stopped using pennies in his foreign bases.
Whatever Penny’s fate, it will be members of the United States, at least in collokanki, such sentences as a “lucky penny” and is a penny of “earned” will always be part of the American lexicon. And perhaps ironically, the value of the penny could increase if it is interrupted.
“I think the collector still like them,” Turco said. “But I don’t think the value of a penny overnight.”
