I heard it on the news that Trump has directed the US Treasury to stop minting the penny. Considering a penny cost 3.8 cents to make. I’ll understand why they are discontinuing it and not a lot of people are spending the penny. If I lived in the US I’ll probably use the penny in my everyday transactions.
I wonder if the penny were to be phased out by the US government. Will they be hoarded like crazy just like in Canada?