Will The Penny Fade Into History?

CHATTANOOGA, Tenn. (WDEF) – President Trump has ordered the U.S. Treasury to stop minting new pennies, arguing that producing them costs more than they’re worth. 

While some see this as a smart financial move, others worry about what comes next.

For more than 160 years, the penny has been a symbol of American currency, featuring the face of President Abraham Lincoln since 1909. 

But now, its future is in doubt. President Trump has directed the U.S. Treasury to stop minting new pennies, calling it a costly and unnecessary expense.

The penny was first introduced in 1793, back when it had real purchasing power. But times have changed. 

Today, a penny can’t even buy a single piece of gum, and producing one actually costs the U.S. Mint nearly four cents—making it an expensive coin to keep in circulation.

For now, pennies already in circulation will remain legal tender, but no new ones will be produced… marking a major shift in American currency. 

So, is this the beginning of a more modern, cashless economy, or will the loss of the penny have unintended consequences? One thing’s for sure… this tiny coin is sparking a big debate.