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Author Topic: Concern about getting rid of the U.S. penny  (Read 6482 times)

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Offline Freind

Concern about getting rid of the U.S. penny
« on: December 30, 2025, 05:05:11 PM »
I heard they want to phase out the U.S. penny because it costs too much to make?

The money system is based on 10.

The 1 (cent) and the 100 (dollar) are the two most important values, with intermediate coinage being convenience.

I am concerned this is a move to move the country into a cashless system because of all the turmoil it will cause.

I looked into it and pennies don't even have to be made out of metal.

But even when made out of metal, the winner (according to AI) would be:

Low-Carbon Steel (Unplated)
Total cost per penny: ~0.75ยข
Cheapest option by a significant margin
Practical: The U.S. already used steel pennies in 1943
Simple production: No plating process needed
Annual savings vs. current penny: ~$85-90 million

Am I missing something? Do we need to get this info to some department under Trump?
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Offline Freind

Re: Concern about getting rid of the U.S. penny
« Reply #1 on: December 30, 2025, 05:16:35 PM »
I understand this cannot be done without the approval of Congress.

The Democrats there pretty much nix EVERYTHING that Trump wants.

So, a good litmus test is seeing what kind of democrat support in Congress supports this move.

If the democrats support it, the Marxists do too, then it is bad for our country.
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Offline St Giles

  • Supporter
Re: Concern about getting rid of the U.S. penny
« Reply #2 on: December 30, 2025, 05:18:26 PM »
Quote from: Freind on December 30, 2025, 05:05:11 PM
Do we need to get this info to some department under Trump?
Worth a try, though with the common use of magnets today, using steel may not be a good idea. If a penny became magnetized it could stick inside a coin machine.
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Offline Freind

Re: Concern about getting rid of the U.S. penny
« Reply #3 on: December 30, 2025, 05:21:47 PM »
Quote from: St Giles on December 30, 2025, 05:18:26 PM
Worth a try, though with the common use of magnets today, using steel may not be a good idea. If a penny became magnetized it could stick inside a coin machine.

I know of no machines using pennies, do you?
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Offline St Giles

  • Supporter
Re: Concern about getting rid of the U.S. penny
« Reply #4 on: December 30, 2025, 06:34:40 PM »
Self checkout machines. Coin sorters at banks.
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