U.S. Penny

Table of Contents

Introduction
Pros
- Pro 1: Preserving the penny keeps consumer prices down and avoids harming low-income households.
- Pro 2: A penny can be used for decades and is more cost-efficient to produce than a nickel.
- Pro 3: Pennies raise money for charities.
Cons
- Con 1: The penny has practically no value and should be taken out of circulation just as other coins have been in U.S. history.
- Con 2: The process of making pennies is costly both financially and environmentally.
- Con 3: Eliminating pennies would save time at the point of purchase without hurting customers, businesses, or charities.
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News •

Trump says he has directed US Treasury to stop minting new pennies, citing rising cost • Feb. 10, 2025, 3:58 PM ET (AP)

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