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Is The Penny Finally Dead? (www.youtube.com)

submitted 2 weeks ago by grant@toast.ooo to c/cgpgrey@toast.ooo

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[–] troyunrau@lemmy.ca 5 points 2 weeks ago

Canada killed theirs and nothing bad happened in particular.

[–] OpticalMoose@discuss.tchncs.de 2 points 2 weeks ago (1 children)

I hate Trump (really I do), but I can't argue with this. Inflation happens; stamping out a piece of copper alloy has lots of fixed costs. We used to have a half cent coin. Things change.

The real question should be "why do they have to print so many pennies every year?" Paper bills last an average of 18 months before they need to be replaced, but coins don't typically wear out. Where are these pennies going?

[–] branno@lemm.ee 0 points 2 weeks ago (1 children)

The argument against this is that it’s illegal.

Congress passed a law requiring the minting of pennies. Trump can’t unilaterally order their end.

[–] OpticalMoose@discuss.tchncs.de 3 points 2 weeks ago

it’s illegal.

I'm sure that'll stop him.