Re:Trump says he has directed Treasury to stop minting new p...
by jessikat on Sunday February 09, 2025 @11:15PM
(#42996877)
It's kind of ridiculous that the US has held onto pennies for this long. New Zealand phased out our 5 cent coins back in 2006, approximately 3 US pennies worth at present.
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Re:Trump says he has directed Treasury to stop minting new p...
by thatguy0900 on Sunday February 09, 2025 @11:41PM
(#42997012)
You don't even need to look at other countries, when the US discontinued the half penny it was worth more than modern nickels are worth
Re:Trump says he has directed Treasury to stop minting new p...
by ericjmorey on Monday February 10, 2025 @11:40PM
(#43009033)
It's ridiculous that anyone is saying anything but fuck this traitor for issuing unconstitutional orders over and over again.
Re:Trump says he has directed Treasury to stop minting new p...
by what on Tuesday February 11, 2025 @12:13AM
(#43009223)
What’s unconstitutional about it?
Re:Trump says he has directed Treasury to stop minting new p...
by 42772827 on Tuesday February 11, 2025 @08:03AM
(#43012284)
The authority over U.S. coinage is established in the Constitution (Article I, Section 8), which gives Congress the power "to coin Money, regulate the Value thereof." Any major changes to U.S. currency, including eliminating a denomination, must go through Congress.
Re:Trump says he has directed Treasury to stop minting new p...
by milesrout on Wednesday February 12, 2025 @06:04AM
(#43024127)
>“The Secretary of the Treasury shall,” Section 5111 reads, “mint and issue” denominations of coins “in amounts the Secretary decides are necessary to meet the needs of the United States.”
Re:Trump says he has directed Treasury to stop minting new p...
by unethical_ban on Tuesday February 11, 2025 @11:32AM
(#43014827)
I agree with your sentiment, but according to another comment in this thread, the treasury secretary has congressionally approved latitude to adjust how many coins are minted.