WASHINGTON, D.C. – Americans have a message for the penny: Good riddance. Around the country, people of all ages are expressing giddiness, relief ‒ as well as a bit of wistfulness ‒ over President Donald Trump’s plan to direct the Treasury Department to stop minting 1-cent coins.

President Trump while on the campaign trail proposed eliminating taxes on Social Security benefits. "Seniors should not pay taxes on Social Security," he commented on social media in July. Importantly, Trump is not the only politician to float that idea, nor is support limited to one political party.

President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of unsuccessful efforts to phase out the 1-cent coin.

This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies," Trump wrote. "Let's rip the waste out of our great nation's budget, even if it's a penny at a time,

The US Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.

President Donald Trump has ordered the U.S. Treasury to cease minting the penny coin in a bid to cut government spending, USA Today reported. But the move could lead to price increases for U.S. consumers.

The U.S. Mint had already decreased the production of the penny by an estimated 29% margin from 2023 and 2024 and data shared by the bureau showed coin production declined for the