What Trump’s Plan to Stop Minting Pennies Means for Consumers

If former President Donald Trump moves forward with a plan to stop minting pennies, it could have a significant impact on everyday transactions. Here’s what it means for consumers:

Producing a single penny costs more than its face value—about 2.72 cents per coin. Critics argue that eliminating it would save taxpayers millions and streamline cash transactions.

Why Eliminate the Penny?

Rounding Up or Down – Cash purchases may be rounded to the nearest nickel, potentially costing consumers extra over time.

How It Affects You

Retail Adjustments – Businesses might change pricing structures or implement digital-only payment incentives.

How It Affects You

Collectors’ Market – Older pennies, especially rare ones, could rise in value.

How It Affects You

Sentimental & Cultural Shift – Many Americans still see pennies as part of everyday life, making the change an adjustment.

How It Affects You

While getting rid of the penny could save money and time, it may also spark debates over fair pricing and consumer impact.

The Bottom Line

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