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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.
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  • 88% of the sources are Center
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La Opinion broke the news in on Thursday, March 13, 2025.
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