The US penny has finally met its match—Donald Trump. In a Truth Social post on Sunday, the president announced he’s pulling the plug on the one-cent coin, calling it a budgetary black hole. “For far too long, the United States has minted pennies which literally cost us more than two cents. This is so wasteful!”
Trump wrote, likely horrifying coin collectors and piggy banks nationwide. First issued in 1793 and featuring Lincoln since 1909, the penny has survived wars, depressions, and bad fashion trends—but not Trump’s budget axe.
While some argue it helps keep prices low, others say it’s just cluttering up couch cushions and car cup holders. With the penny on the chopping block, one proposal is to round prices to the nearest zero. Great news for cashiers, bad news for people who love digging through their pockets for exact change.