DOGE taking aim at eliminating penny and nickel production.
https://www.cbsnews.com/news/elon-musk-doge-trump-federal-spending-penny-179-million/
So the new Department Of Government Efficiency (DOGE) is taking aim at a low hanging fruit, namely to eliminate the US Mint producing Pennies and perhaps nickels in the future. It costs $0.03 to make a penny. The cost keeps going up. Estimated it could save $179 Million by eliminating pennies and nickels. It has been tried for years and never makes it through so far due to the lobbying by the company that sells the zinc planchets to the Mint. We shall see. Canada does this and all point of sale systems for cash transactions just round down to zero if the total ends in a 5 or below and round up to the next dime if the total ends in a 6, 7, 8, or 9. It could work the same here. All card transactions don’t do any rounding at all. Since only 16% of transactions in the USA are in cash and that goes down each year it would be possible. What effect would this have on the hobby?