Musk's DOGE Takes Aim at the Penny

[FA_Q2]

Old idea. People have been throwing trashing the penny for decades.

Don't really care, and I think that is generally true for most people.

 

[Cellblock2429]

Pennies are just part of overall money supply and are used to make change. They are not a commodity that is bought and sold.

/-----/ "They are not a commodity that is bought and sold."
Not true. There is a major market for collectable coins and bills.
U.S. Coin Starter Lot Collectors Set 7 Coins w/silver
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$15.99
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580 sold

 

[Woodznutz]

/-----/ "They are not a commodity that is bought and sold."
Not true. There is a major market for collectable coins and bills.
U.S. Coin Starter Lot Collectors Set 7 Coins w/silver
Opens in a new window or tab

$15.99
Buy It Now
Free delivery
580 sold
View attachment 1077699

Of course. Collectors often sort through thousands of ordinary coins to find a few tradable ones.

 

[Independent thinker]

Pennies are just part of overall money supply and are used to make change. They are not a commodity that is bought and sold.

But, copper is a different story.

 

[Mashmont]

If you want to see what will happen here, look at Canada which discontinued the penny in 2012.

 

[Woodznutz]

If you want to see what will happen here, look at Canada which discontinued the penny in 2012.

Fractional pricing will continue even without pennies.