What are wheat pennies, and why are they sometimes worth thousands?
- President Donald Trump stated that the U.S. Should stop producing new pennies due to high production costs, which have increased to 3.69 cents per penny.
- Cash is used in only about 15% of all purchases in the U.S., with an estimated 240 billion pennies still in circulation.
- Some Americans are concerned that prices may rise if the penny is discontinued, as noted by economist Robert Whaples.
- The president can decide on minting coins, but the legislature has the authority to remove the penny as legal tender.
17 Articles
17 Articles
What are wheat pennies, and why are they sometimes worth thousands?
(NEXSTAR) — The U.S. could move to ditch the penny but that doesn’t mean you should start throwing away your one-cent pieces — especially if they contain a certain grain on them. The penny has undergone several design changes throughout its long history, stretching back to 1793. They were first produced with an image of Lady Liberty on the front and a chain surrounding the text “ONE CENT” on the reverse, then the chain was replaced with a wreath…

Pennies, an early Trump second term target, rival marbles and 8-track players as American artifacts
A penny saved is a penny … urned? The possible impending death of the penny has piggy banks, give-a-penny-take-a-penny jars, and manufacturers of coin wrappers a bit nervous. In a move that would put the United States alongside Canada, Australia,…
Pennies, an early Trump second term target, rival marbles and 8-track players as American artifacts - Washington Examiner
A penny saved is a penny … urned? The possible impending death of the penny has piggy banks, give-a-penny-take-a-penny jars, and manufacturers of coin wrappers a bit nervous. In a move that would put the United States alongside Canada, Australia, and New Zealand, the big deal commonwealth countries, more or less, President Donald Trump said he no longer wants the U.S. to bother rolling out new pennies because the cost to the nation is too great.…
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