{"id":89364,"date":"2025-02-10T16:22:29","date_gmt":"2025-02-10T21:22:29","guid":{"rendered":"https:\/\/theturtleislandnews.com\/?p=89364"},"modified":"2025-02-12T11:08:32","modified_gmt":"2025-02-12T16:08:32","slug":"so-long-penny-trump-orders-us-to-ditch-1-cent-coin-after-decades-of-complaints","status":"publish","type":"post","link":"https:\/\/theturtleislandnews.com\/index.php\/2025\/02\/10\/so-long-penny-trump-orders-us-to-ditch-1-cent-coin-after-decades-of-complaints\/","title":{"rendered":"So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints"},"content":{"rendered":"

By Alan Suderman RICHMOND, Va. (AP) \u2014 The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he\u2019s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime. Advocates for ditching the penny cite its high production cost \u2014 currently almost 4 cents per penny, according to the U.S. Mint \u2014 and limited utility. Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel, which costs almost 14 cents to mint. Trump\u2019s surprise order comes after decades of unsuccessful efforts to pitch the penny. \u201cOnly tradition explains our stubborn attachment to the penny. But sometimes traditions get ridiculous,\u201d the… <\/p>\n

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By Alan Suderman RICHMOND, Va. (AP) \u2014 The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he\u2019s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime. Advocates for ditching the penny cite its high production cost \u2014 currently almost 4 cents per penny, according to the U.S. Mint \u2014 and limited utility. Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel, which costs almost 14 cents to mint. Trump\u2019s surprise order comes after decades of unsuccessful efforts to pitch the penny. \u201cOnly tradition explains our stubborn attachment to the penny. But sometimes traditions get ridiculous,\u201d the... <\/p>\n

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President Donald Trump announced Sunday he\u2019s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime. Advocates for ditching the penny cite its high production cost \u2014 currently almost 4 cents per penny, according to the U.S. Mint \u2014 and limited utility. Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel, which costs almost 14 cents to mint. Trump\u2019s surprise order comes after decades of unsuccessful efforts to pitch the penny. \u201cOnly tradition explains our stubborn attachment to the penny. 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