Trump's Doge wants to end the Penny

[Silver4face]

Rewind the video to 3:25 for the talk on copper cents.

Ok, I was able to figure it out and was able to see (and hear) the talk on copper cents. For the most part, this is a good video. But it fails to clarify if people will still be able to buy rolls from banks and credit unions AFTER THE END OF PRODUCTION AND DISTRIBUTION. In Canada, there was only a short window (roughly 5 months). The American window could be shorter or longer. Either way, buy rolls NOW!!!!!

[DC_Penny_Guy]

In February, the mint struck 353 million 2025 P/D Lincoln cents:

https://www.coinnews.net/2025/03/14/u-s ... -february/

Seems like Trump was full of hot air on this issue...

[Doctor Steuss]

Hoping/wondering if someone here might know the answer, because my Google-fu is failing me. Who sets mintage numbers? Is it the secretary of the treasury? Or is it more of an automated process based on average attrition of coinage and increased annual monetary supply demands?

[thecrazyone]

In February, the mint struck 353 million 2025 P/D Lincoln cents:

https://www.coinnews.net/2025/03/14/u-s ... -february/

Seems like Trump was full of hot air on this issue...

And yet noone has seen any but me? I have some for trade BTW. I need 15 Mercury dimes to finish my book.

[Cu Penny Hoarder]

In February, the mint struck 353 million 2025 P/D Lincoln cents:

https://www.coinnews.net/2025/03/14/u-s ... -february/

Seems like Trump was full of hot air on this issue...

People buying absurdly priced 2025 rolls and boxes on Ebay when they could've gone to the bank and got them at face value - ouch!

[Silver4face]

In February, the mint struck 353 million 2025 P/D Lincoln cents:

https://www.coinnews.net/2025/03/14/u-s ... -february/

Seems like Trump was full of hot air on this issue...

People buying absurdly priced 2025 rolls and boxes on Ebay when they could've gone to the bank and got them at face value - ouch!

I stop at lots of banks. They are not there yet. But your comment will probably come to fruition in a month or two.

Also, I am looking forward to seeing the march numbers as those were probably set AFTER trumps inauguration. Sooner or later we will see if he is serious about ending the penny

[thecrazyone]

So now that coins are showing up, did it maybe sound like a good idea in Trump's head that he was stopping production, but he was actually too late for this year? After all, I doubt the mints would wait until Jan 1 to start making pennies.

[68Camaro]

There are contracts already in place, plus congress actually has to act. Trump can't do it unilaterally.

[Silver4face]

There are contracts already in place, plus congress actually has to act. Trump can't do it unilaterally.

Excellent point which means there could be a few BILLION pennies by the end of the year. Therefore, I will eventually be buying them for face at banks whether or not I want them!