Save the penny. For those that do not know, every penny starts in Greene County [Tennessee]. Save jobs in Greene County!

[public hermit]

We've heard "we should switch to single payer health care as soon as possible because look how great it worked in country XYZ", "we should do publicly funded Tuition because XYZ did it and it's working great", "we should implement XYZ's model of gun control asap", etc...

Yet the one thing where he's actually taking that approach, and suddenly it's a problem.

I guess. That still seems like a strange way to argue the point. Is it a problem? That's my question. Is this the best way to do it. Do we just stop producing the penny, let'ssay, tomorrow? If your argument is that we should because other "progressive" countries have, then I think your argument for doing so is strangely self-defeating in relation to your larger point. Why is this the best thing to do? I definitely think Trump is shooting from the hip and that he has more change than sense, whatever, but do you think this is a good idea?

 

[BPPLEE]

I guess. That still seems like a strange way to argue the point. Is it a problem? That's my question. Is this the best way to do it. Do we just stop producing the penny, let'ssay, tomorrow? If your argument is that we should because other "progressive" countries have, then I think your argument for doing so is strangely self-defeating in relation to your larger point. Why is this the best thing to do? I definitely think Trump is shooting from the hip and that he has more change than sense, whatever, but do you think this is a good idea?

It actually costs four cents to make a penny. Do we really need a committee to tell us it’s a bad idea to keep making them? Most people use debit cards anyway. The nickel should be next

As Trump aims to ax the penny, these are the coins that cost more than they're worth

Data from the U.S. Treasury shows it costs nearly 4 cents to produce a single penny.

www.nbcnews.com

 

[wing2000]

Do other U.S. coins cost more to make than they're worth?

Nickels do, as each one costs almost 13.8 cents, according to the Mint. The other coins are worth more than their production expenses. Dimes cost about 5.8 cents, quarters cost 14.7 cents and half dollars cost about 34 cents, according to the Mint.
Pennies and nickels have incurred production costs that exceed their face values for 19 straight years.


The typical penny is around 97.5% zinc and only 2.5% copper. Since 1982, copper-plated pennies have been made primarily from zinc.
Ironically, the other mainstream coins are primarily made from copper, with roughly 75% content for nickels and more than 90% for dimes, quarters and half dollars.

Trump wants to scrap pennies. What's that mean for Arizona's copper industry?

President Trump has ordered the government to stop making pennies, calling the coins "wasteful." Would Arizona, a copper-producing state, be impacted?

www.azcentral.com

 

[wing2000]

It's all fiat currency anyway, why don't they just make it all out of the cheapest materials they can find?

Like I noted, Canada already did the same thing...if the folks up north already did all of this "committee research" necessary to figure out that it makes sense to eliminate it, wouldn't us doing the same be an unnecessary duplication of effort.

...sure, why not?

Save the copper for a more useful purpose.

 

[BPPLEE]

Do other U.S. coins cost more to make than they're worth?

Nickels do, as each one costs almost 13.8 cents, according to the Mint. The other coins are worth more than their production expenses. Dimes cost about 5.8 cents, quarters cost 14.7 cents and half dollars cost about 34 cents, according to the Mint.
Pennies and nickels have incurred production costs that exceed their face values for 19 straight years.


The typical penny is around 97.5% zinc and only 2.5% copper. Since 1982, copper-plated pennies have been made primarily from zinc.
Ironically, the other mainstream coins are primarily made from copper, with roughly 75% content for nickels and more than 90% for dimes, quarters and half dollars.

Trump wants to scrap pennies. What's that mean for Arizona's copper industry?

President Trump has ordered the government to stop making pennies, calling the coins "wasteful." Would Arizona, a copper-producing state, be impacted?

www.azcentral.com

Like I said, stop making pennies and stop making nickels next. We don’t need a committee when we have common sense

 

[BPPLEE]

"For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!" Trump wrote Sunday night on his Truth Social platform. "I have instructed my Secretary of the US Treasury to stop producing new pennies."

While some conservatives cheered the move, Tennessee workers who supply the U.S. Mint with the blank discs stamped into pennies weren't as thrilled, according to The Greenville Sun.

Jobs could be lost at Artazn LLC, based in Tusculum, Greene County, in eastern Tennessee, which is politically conservative and Republican.

All surrounding counties also voted for him. In November, he defeated Vice President Kamala Harriswith roughly 83 percent of the vote.

“It’s disappointing to see President Trump make a statement of directive like that because these are American jobs,” [Greene County Partnership CEO] said.

Wasteful and inefficient! You're Fired!

Do those workers qualify for Trump’s buyout with 8 months of pay and benefits?

 

[essentialsaltes]

Do those workers qualify for Trump’s buyout with 8 months of pay and benefits?

No, they are not government employees.

 

[Pommer]

I guess. That still seems like a strange way to argue the point. Is it a problem? That's my question. Is this the best way to do it. Do we just stop producing the penny, let'ssay, tomorrow? If your argument is that we should because other "progressive" countries have, then I think your argument for doing so is strangely self-defeating in relation to your larger point. Why is this the best thing to do? I definitely think Trump is shooting from the hip and that he has more change than sense, whatever, but do you think this is a good idea?

Pitching nickels isn’t at all alliterative and actually sounds a bit dirty.

 

[The IbanezerScrooge]

Rounds to the nearest nickel.

Always up I'm betting. Except when you get your change. Then it's down.

 

[Pommer]

Always up I'm betting. Except when you get your change. Then it's down.

We’re going to be back in time to when people would hoard Pennies, my, my, my!
(When the penny gets the ax, they’ll grandfather the penny away and when there’s no more pennies cash businesses would like to have as much in cash in pennies, so that they can make an extra 3¢, when the price goes their way, which, it will.)
I can’t wait for the Penny farthing to be that hoverboard we’ve all been waiting around for since 1986!

 

[The IbanezerScrooge]

We’re going to be back to there being penny-hoarders, my, my, my!

Funny thing is they will all be worth more than they cost to make because they will become more rare over time... and then crypto will take over.

 

[ozso]

So how can people pay with change that requires pennies? Will cash become a thing of the past? Odd

There are billions of pennies in circulation already. Just the other day I came across one dated 1942.

 

[RileyG]

There are billions of pennies in circulation already. Just the other day I came across one dated 1942.

Yes. It’s always interesting to see what year they’re produced.

 

[Michie]

I collect the wheat back pennies for my mosaic art projects. Trying to finish a rockabilly guitar now.

 

[RileyG]

I collect the wheat back pennies for my mosaic art projects. Trying to finish a rockabilly guitar now.

I'm sure there are many million wheat back pennies left?

 

[Pommer]

There are billions of pennies in circulation already. Just the other day I came across one dated 1942.

Of course, a 1943 copper penny is “the find”.

 

[ozso]

.

Of course, a 1943 copper penny is “the find”.

When I saw it was a wheatback, I thought about that. So I was a bit surprised to see it was so close. Judging by it's condition I'd say technically it's worth about $2.75.

 

[public hermit]

It actually costs four cents to make a penny. Do we really need a committee to tell us it’s a bad idea to keep making them? Most people use debit cards anyway. The nickel should be next

As Trump aims to ax the penny, these are the coins that cost more than they're worth

Data from the U.S. Treasury shows it costs nearly 4 cents to produce a single penny.

www.nbcnews.com

In general, It's better for a qualified group to make decisions/plan processes than for an individual. It cuts down on blindspots and errors due to the idiosyncrasies of the individual, and it guarantees a wider outlook. The group is more likely to hit the target. Maybe getting rid of the penny is an obvious choice, but how that's done makes a huge difference. Trump's ham fisted, unilateral approach has the potential to do more harm than good on anything he touches.

 

[BPPLEE]

In general, It's better for a qualified group to make decisions/plan processes than for an individual. It cuts down on blindspots and errors due to the idiosyncrasies of the individual, and it guarantees a wider outlook. The group is more likely to hit the target. Maybe getting rid of the penny is an obvious choice, but how that's done makes a huge difference. Trump's ham fisted, unilateral approach has the potential to do more harm than good on anything he touches.

Even if the outcome is good?

 

[John G.]

Simple solution to a very trivial problem like this:
1. Issue new dollars which will be worth ten of your old dollars.
2. Issue new pennies which will be worth ten of your old pennies.

Costs dramatically fall, the penny is finally worth something, the folks in TN keep their jobs!