Kinda yes, but in actuality no. Unless we get rid of the nickel as well, the treasury is required by law to replace the pennies removed from circulation with nickels. Nickels cost even more to mint, as a percentage of their value, than pennies, so it’s actually going to cost the taxpayers even more money.
But yes we no longer have to deal with pennies. Turns out we should actually get rid of dimes and quarters too, but that ain’t gonna happen anytime soon.
https://apnews.com/article/trump-penny-treasury-mint-192e3b9ad9891d50e7014997653051ba
Trump on a streak of rare Ws. No more pennies and kicking Poilievre out of the Canadian Parliament.
Wait, he actually did something good?
Kinda yes, but in actuality no. Unless we get rid of the nickel as well, the treasury is required by law to replace the pennies removed from circulation with nickels. Nickels cost even more to mint, as a percentage of their value, than pennies, so it’s actually going to cost the taxpayers even more money.
But yes we no longer have to deal with pennies. Turns out we should actually get rid of dimes and quarters too, but that ain’t gonna happen anytime soon.