Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
apnews.com
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
    • MothmanDelorian@lemmy.worldBanned
      9·
      9 months ago

      The question is why does everyone think of this as a single use item? If a penny gets used 4 times it covers its cost.

    • DreamlandLividity@lemmy.world
      4·
      9 months ago

      Except 99% of people pay with credit/debit cards.

      Besides, if it takes you more then 5 seconds to get the penny, count it and use it again, you worked below minimum wage for that penny.

    • threeganzi@sh.itjust.works
      4·
      9 months ago

      Would it round to the closest denomination? So $1.04 would round to $1, and it would then even out.

      Edit: that’s how it works in my country at least.

      Edit 2: got it wrong, $0.96 would round to nearest ¢5(assuming it’s the smallest US denomination) so $0.95, and $1.04 would round up to $1.05