Trump wants to end Penny production. Will it affect buyers?

President Donald Trump wants to end the production of new pennies and recently told Treusure secretary Scott Besslent to do that.

Trump revealed in Sunday night “ordered my US Secretary to stop producing new pens,” arguing that “the United States has losing pens lose the literal pennies” and “this is the case of the same thing to spend!”

Walking suggested the question of how America’s consumers can be affected and, according to one expert, the impact will not be infected.

“I don’t think it will have an impact on the consumers. “As a matter of basic use and cost benefit, the lessons I have seen is to cost three cents to make a pen, so there is something on the back with these figures.”

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The costs of performing and distributing the pen standing at 3.69 cents in 2024, illustrated by the US year report.

The US Mint was sent to 3.7 million pens last year. The total cost of those pens, $ 117 million, they were higher than $ 31.7 million combined, according to the report.

“According to the fact that the consumer consumers make a difference in spending money spending so that you do not have direct change until the availability?

Pentes are shown in Glenview Coin & Collectibles July 6, 2006, in Glenview, sick. (Tim Boyle / Getty Photos / Getty Photos)

Canada departed away from its pen version 10 years ago, in other countries such as Australia, New Zealand and Sweden to take the same action before. In Canada, after the government begins to remove pens, around the top five of the nearest plans are familiar with money transactions.

Trump says he has commanded the treasurer and said that he had stopped new pennies: ‘This is spilled.

Bahnsen said a traveling transaction “is just likely to happen at a digital billing,” with many people “paying in cash” these days.

The report has been issued in the Federal Reserve Services received 32% of the payment in October 2023 using the draft credit cards and a small but 30% of the budget cards. Financial payments, currently, represent 16% of the transaction, according to the report.

The Canadian government said with its 2012 penal economic system, Australia and other countries “did not cause increase in price inflation.”

The US to stop the production of new pennies would have little birth with advice, Bahnsen said.

You also notice available pennies that will continue to broadcast “but actually talking about the combined thing, not a consumer item, not a man’s sale fee.”

“Finally, President Trump (President Trump here was going to be more effective, and I think the Treasury spends a lot of real use pens,” this is not an attractive event, but it is effective, and That is what the work of the Treasury. ”

American cents, has criticized Trump’s attempt, protesting in late January issuance “will not save government money.”

A large number of US pens in the image of the image in Washington, DC, Feb. 10, 2025. (Saul Loeb / AFP with Getty / Getty Pictures)

“Many senior costs will be left and should be deducted by other coins without Penny,” said the Director Mark Weer. “Also, there will be a great need for expensive girls, which is a lot of costs.”

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The group receives an important income from Artazn, according to the CNN. The company is reported that it provides spaces used for MNT money laundering.

Americans are common cents that have proposed government “to evaluate how the vegetation costs its cost and focuses on reducing nickel production costs.

It costs approximately 13.8 cents to produce a nickel last year, according to the agency.

The group returns against the issues that the penny has no value and contradicts the “traveling tax” caused by completing vacant persons without receiving cash income.