The United States Treasury unveiled its plans today to commit murder. The victim is over two centuries old, made of copper, and known as the penny. Yes, the Treasury confirmed plans to stop making our one-cent coins and effectively kill the penny. It's been talked about for years, even though we lose more money making nickels than pennies, and has been one of those pet obsessions of Donald Trump.
The penny won't disappear right away, but eventually, any businesses engaging in cash transactions may need to round down or up. We also need to make nickels cheaper to produce--this has to be implemented, or else this cost-saving measure of getting rid of the penny could be messy because of how that will now be the lowest denomination coin and therefore may be the most-produced as the penny currently is/was. Many people don't use cash that much or put a particular, "Value," on the penny, often leaving them in little change trays at locations. I'm not going to argue that pennies are especially important to our economy and have to still exist, but I will miss them when they do mostly disappear from our currency exchanges in due time. At least ol' Abraham Lincoln still will get to enjoy appearing on the five-dollar bill.
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