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“Getting rid of the penny would save taxpayers countless dollars on a yearly basis. Also, the creation of pennies has environmental costs, such as the mining of zinc and copper, removing the penny could have a optimistic environmental effect,” he reported.

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That pricing decision does matter, with a few citing the penny’s influence on inflation, but even that appears minimum.

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Patel observed that President Trump only purchased the cessation of minting new pennies, not their purge from use inside the forex program. So men and women can carry on working with pennies till They can be gradually reabsorbed to the banking process and they are ultimately melted down to recycle their zinc and copper. Patel states the actual elimination in the penny is a long time into the long run.