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News in English (USA) / 20.02.2025 / 11:00

The Debate Over the Future of the Penny Intensifies

As discussions about ending the production of the penny heat up, various stakeholders are weighing in on the consequences. President Trump has called for the cessation of penny production, citing rising costs and inefficiencies, prompting local reaction and excitement among coin collectors. Valley coin shops are bracing for the change, while experts delve into the financial implications of eliminating not just the penny, but also other low-denomination coins like nickels and dimes. Opinions vary significantly, with some lamenting the loss and others advocating for a cashless future. As the public grapples with these changes, many are left contemplating the true cost of maintaining the one-cent coin and what its removal means for consumers and collectors alike.
The New York Times, ABC15 Arizona in Phoenix, WDAF FOX4 Kansas City, Econlib, The Washington Post, FOX 13 Seattle, WNEP Scranton/Wilkes-Barre, FOX 10 News Phoenix, Roll Call , Chronicle-Tribune