(Photo illustration by Jakub Porzycki/NurPhoto) United States Dollar Photo Illustrations, Krakow, Poland - 13 Jun 2022] Trump wrote: ‘I have instructed my Secretary of the US Treasury to stop producing new pennies.
Finding pennies heads up is a cute tradition where many believe if you find a penny lying with the head side up, you’ll have good luck for the rest of the day.
Unlike the UK, the US does not have an equivalent of a two-pence coin – meaning scrapping the smallest denomination could mean everything paid in cash will have to be divisible by five cents, the next-smallest coin.
According to a story in the New York Times last year, the US has minted about half a trillion one-cent coins since it began issuing them in 1793.
The president’s decision would mean one-cent coins stop being produced by the United States Mint for the first time in more than 230 years.
