Trump says he has directed Treasury to stop minting new pennies, citing cost

https://lemmy.zip/post/31747008

Trump says he has directed Treasury to stop minting new pennies, citing cost - Lemmy.zip

Lemmy

What will happen ta all the penny smashing tourist machines.
Those were alteady technically illegal because defacing money (even a penny) is a felony. A bunch of them have already swapped out to use penny-sized metal blanks instead.
This isn’t true. Defacing money for the purpose of fraud or to melt coins for their metal value is illegal but creating elongated coins is not. Elongated Coin Legality
Elongated coin - Wikipedia

Oh, interesting, you’re correct. I didn’t realize ‘intent to fraud’ was one of the requirements for it to be a felony. I saw one of the machines that uses the metal slugs and assumed they were all switching over because of that.