Trump's Doge wants to end the Penny

[Silver4face]

On the subject of demonitizing coins: Canada stopped minting the cent in 2012. Banks stopped selling them to customers in early February of 2013. They were still accepted at banks in 2022, making them very valid and legal currency. I'm guessing that they are still legal today although some businesses might not honor/accept them. Looking for one of our Canadian members to chime in on this matter.

[Lemon Thrower]

Thats a good data point.

In the UK, they retire bills often and I think pound coins. The latter might have been because someone was counterfeiting them.

I believe the EU still has their pennies.

[Lemon Thrower]

Wait...why would they demonetize....has any US currency ever been demonetized?

Because its a large cost on the entire economy, not just the mint. Banks, shops, etc.

Has any US currency ever been demonetized? Not to my knowledge in the sense you mean.

But try to spend more than 10 pennies somewhere, its challenging. Or use FRNs at a stadium - sorry we only accept plastic.

[thecrazyone]

Yeah that whole stadium thing is crap. But that should probably have its own thread.

[MaxGravy]

Thats a good data point.

In the UK, they retire bills often and I think pound coins. The latter might have been because someone was counterfeiting them.

I believe the EU still has their pennies.

The EU has one and two cent coins.

[cwgii]

Yeah that whole stadium thing is crap. But that should probably have its own thread.

Lol. You mean like my ranting at businesses that the green stuff say, legal tender. And you have to accept it. Or my walking out ,when they say, card only.

[TXSTARFIRE]

Places that dont take cash dont get my buisness.

[Recyclersteve]

Those 2025's might be a keeper!

TOTALLY AGREE WITH THIS!

[thecrazyone]

Yeah that whole stadium thing is crap. But that should probably have its own thread.

Lol. You mean like my ranting at businesses that the green stuff say, legal tender. And you have to accept it. Or my walking out ,when they say, card only.

All of the above. I agree it's total BS. They always have one station for cash, but it's usually in the most inconvenient place.