No more pennies minted!

[jrf30]

President Trump just announced today that he has directed the mint to STOP making pennies. They cost too much to make.

Hopefully this will lead to allowing older pennies to be melted. But it looks like either way the penny is DONE.

 

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A History of Mining on the Kenai Peninsula, Alaska - Grab it through Amazon!

[JohnWhite]

Not really…It’s more like a vehicle propelled by magnetic forces…But everyone knows prehistoric people never painted any pictures of salads…Or did theyOh well…I personally don’t believe mankind is ready for such a marriage at this juncture…Ain’t that right GW

 

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Agony and Death on a Gold Rush Steamer: The Disastrous Sinking of the Side-Wheeler Yankee Blade - Grab it through Amazon!

[CRHer700]

Last I checked, this is a forum dedicated to COIN ROLL HUNTING - so in that regard, given that we are COIN ROLL HUNTERS, why would anyone advocate for getting rid of the nickel. Plenty of people here (myself included) search through nickels. Are we trying to kill our own hobby ourselves (shoot ourselves in the foot)? Isn't it enough that electronic payments, COVID, etc. have already threatened what we all enjoy doing.

I don't care what it costs to make - frankly, I (as well as anyone else here who CRH nickels) profit from them being around, as we look for buffaloes, war nickels, and key dates. Not being able to do that anymore would be a big bummer.

They can just make them out of cheaper materials or they can melt old worn ones down to make new ones so the cost of metal would be only the incremental amount produced. Given that there is less need for cash overall, they probably don't even need to produce significantly more than they can probably remove from circulation (i.e., the total amount of nickels in overall circulation probably doesn't need to increase much, if at all).

just my 2 cents (or 5 cents in this case)

I agree with you here. I will be sad the day that any denomination is cancelled, as it would eventually leave me with a lot of empty time and lost fun.
I do CRHing because I enjoy it, not because anyone else likes it, but once in a while some help from other people would be helpful.

 

[JohnWhite]

I still believe we’d be better off doing away with the nickel…But who can say… I’m still waiting for Trump to implement Musk’s new payment method he’s been boasting about…As IF PayPal isn’t used extensively by many…🤔😱🍻

 

[SeabeeRon]

I still believe we’d be better off doing away with the nickel…But who can say… I’m still waiting for Trump to implement Musk’s new payment method he’s been boasting about…As IF PayPal isn’t used extensively by many…🤔😱🍻

I want nothing to do with anything Musk comes up with!

 

[airborne1092]

Stationed in Europe with the US military, we never used pennies. I was told, it's too costly to transport them there because of their weight. Everything was rounded up or down and it seemed to work just fine. 🤷‍♂️

 

[Tpmetal]

I want nothing to do with anything Musk comes up with!

I haven't trusted him since his scams like the hyperloop and some other sketchy business deals. I have been weary of DOGE but so far been happy with what I have seen being questioned in our government spending. Still the man didn't become filthy rich by being a good person so we shall see.

 

[JohnWhite]

Thank God my daughter bought a Ford Bronco instead of one of Musk’s butt ugly cyber trucks…lol

 

[Johnnybravo300]

I saw a video of a lady carrying out her trash and trying to figure out how to put it in the Cybertruck haha.
The look on her face when she realized it wasn't a dumpster.