Whatever the penny's destiny, Turco stated she believes it will almost always be a A part of The usa, no less than colloquially, introducing that these types of phrases as "a lucky penny" and "a penny saved is really a penny gained" will possible often be a Element of the American lexicon. And, Most likely ironically, the penny's price could raise if its discontinued.

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Although electronic payments are increasingly extra typical, Weller mentioned dollars stays a vital Device, "especially for someone economically underserved and less than-banked."

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"I believe collectors will even now love getting them," Turco said. "But I don't think that the value of a penny will just skyrocket right away."

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Within an announcement Sunday on his Real truth Social platform, Trump mentioned the price of minting the coin featuring the profile with the state's 16th president, Abraham Lincoln, is more than two times the currency's encounter value.

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It continues to be unclear if Trump has the ability to retire the coin, which has been Component of The material of America for 233 years, 116 several years with Lincoln's portrait embossed on it.

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