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Published February 10, 2025 3:23pm Updated February 10, 2025 3:25pm
Donald Trump has risked the ire of the astir superstitious radical successful the US by announcing the abolition of the penny.
The president’s determination would mean one-cent coins halt being produced by the United States Mint for the archetypal clip successful much than 230 years.
In a station connected his social media website Truth Social, helium argued the accumulation of pennies is ‘so wasteful’, arsenic each of them ‘literally outgo america much than 2 cents’.
Trump wrote: ‘I person instructed my Secretary of the US Treasury to halt producing caller pennies.
‘Let’s rip the discarded retired of our large nations budget, adjacent if it’s a penny astatine a time.’
Unlike the UK, the US does not person an equivalent of a two-pence coin – meaning scrapping the smallest denomination could mean everything paid successful currency volition person to beryllium divisible by 5 cents, the next-smallest coin.
Or they mightiness get distant with conscionable utilizing the pennies already successful circulation.
Since 1909, the US penny has featured an representation of erstwhile President Abraham Lincoln – apt making him 1 of the most-represented individuals successful quality history.
According to a communicative successful the New York Times past year, the US has minted astir fractional a trillion one-cent coins since it began issuing them successful 1793.
There are capable of them for each prima successful the Milky Way, with the equivalent of astir $1 cardinal near over.
So adjacent if the accumulation lines are ended, plentifulness of pennies volition inactive beryllium retired determination for radical to prime up for bully luck.
When is simply a penny worthy much than a penny?
For Metro newsman Sarah Hooper, who is from North Carolina, the one-cent coin was a large portion of childhood.
‘Find a penny, prime it up, and each time agelong you’ll person bully luck.’
Finding pennies heads up is simply a cute contented wherever galore judge if you find a penny lying with the caput broadside up, you’ll person bully luck for the remainder of the day.
Growing up, my grandad utilized to purposely enactment pennies down connected the crushed wherever we’d find them arsenic kids for ‘good luck’.
It’s a saccharine contented I besides bash erstwhile I person spare alteration erstwhile I’m backmost location successful America.
Trump’s determination has besides enactment a spotlight connected the UK Treasury’s attraction of its low-denomination coins, with a question people hanging implicit the aboriginal of coppers for years.
Last year, Rachel Reeves’ officials decided not to bid immoderate caller coins to beryllium minted successful a archetypal for the Treasury.
A spokesperson said astatine the time: ‘We are assured determination are capable coins successful the system, with estimates of astir 27 cardinal successful circulation successful the UK.’
But the determination led to questions implicit whether 1p and 2p coins volition ever beryllium produced again, arsenic British nine grows progressively cashless.
This morning, Sir Keir Starmer’s spokesperson told reporters: ‘There’s nary program to alteration our argumentation connected that.’
Get successful interaction with our quality squad by emailing america astatine webnews@metro.co.uk.
For much stories similar this, check our quality page.
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