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It's kind of ridiculous that the US has held onto pennies for this long. New Zealand phased out our 5 cent coins back in 2006, approximately 3 US pennies worth
by jessikat 2y ago
It's kind of ridiculous that the US has held onto pennies for this long. New Zealand phased out our 5 cent coins back in 2006, approximately 3 US pennies worth at present.
- thatguy0900 2y agoYou don't even need to look at other countries, when the US discontinued the half penny it was worth more than modern nickels are worth
- ericjmorey 2y agoIt's ridiculous that anyone is saying anything but fuck this traitor for issuing unconstitutional orders over and over again.
- what 2y agoWhat’s unconstitutional about it?
- 42772827 2y agoThe authority over U.S. coinage is established in the Constitution (Article I, Section 8), which gives Congress the power "to coin Money, regulate the Value thereof." Any major changes to U.S. currency, including eliminating a denomination, must go through Congress.
- milesrout 2y ago>“The Secretary of the Treasury shall,” Section 5111 reads, “mint and issue” denominations of coins “in amounts the Secretary decides are necessary to meet the needs of the United States.”
- unethical_ban 2y agoI agree with your sentiment, but according to another comment in this thread, the treasury secretary has congressionally approved latitude to adjust how many coins are minted.