President Trump has called for halting new penny production due to its high costs, as each penny costs nearly four cents to make. With inflation rendering the penny nearly obsolete in retail, many consumers prefer to hoard them rather than spend. Advocates argue the penny maintains price sensitivity, helping to prevent rounding prices upward. A report noted that the 3.2 billion pennies minted in 2024 cost taxpayers $12.8 billion, highlighting ongoing concerns over this seemingly trivial coin's functionality and overall utility in today's economy.
Even a 30-pound bag won't fetch you $50.
Yes. Some penny advocates contend that the currency helps keep prices in check.
It has become so insignificant that it's no longer even practical for the cheapest retail items.
They sock them away in cans and drawers and jars.
Collection
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