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Goodbye, Penny... [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-05-22
Wow — is it just me, or do Donnie’s minions seem especially busy today? I wonder if they are trying to get stuff done while he can present as compos mental, or if there’s some really nasty job being done while we recoil?
Here’s yet more nonsense from the Don of Destruction:
www.bbc.com/… US Treasury confirms the end of the penny One cent coins will stop being produced in the US next year, the Treasury Department has confirmed. It marks the phasing out of the coins, commonly known as pennies, which have been in circulation for more than two centuries. President Donald Trump told Treasury Secretary Scott Bessent in February to stop minting the coins, calling them "wasteful". There has been a long debate over the cost and usefulness of pennies in the US.
I’m waiting for them to realize the cost of changing EVERY DAMN AD in America from _.99 to the full price! Not to mention gas price signs… I’m sure there’s more. I hope some really good mathematician calculates the cost for this “savings” ! I realize they aren’t really much needed (not being able to plug in an old fuse box, for example), but I’m also really glad I didn’t turn in my jars of pennies… I will count them and be glad. 😉
Just to fill in a bit of history:
en.wikipedia.org/… The chain cent was America's first large cent and the first circulating coin officially produced by the United States Mint.[1] It was struck only during 1793.[2][3] It was not the first circulating coin produced by the United States, which was the Fugio cent of 1787 (also known as the Franklin cent), based on the Continental dollar. As with the Fugio cent, the Chain cent was made of copper and featured a chain symbolizing the linking together of the states of the United States. ...In the early 2010s, the price of metal used to make pennies rose to a noticeable cost to the mint which peaked at more than 2¢, a negative seigniorage, for the $0.01 face-value coin. This pushed the mint to look for alternative metals again for the coin, and has also brought the debate about eliminating the coin into more focus.[3] On May 22, 2025, the U.S. Treasury announced the phase-out of the one cent coin, after placing the final order for coin blanks.[4][5] Production will continue until the stock of blanks runs out.
I wonder if the stock of blanks really ran out… or could Donnie simply not resist any shiny thing?
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