Staff Reports
A new bill has been unveiled that aligns perfectly with President Trump’s prudent idea of ceasing penny production. Introduced by GOP Representative Andy Biggs from Arizona, the Currency Optimization, Innovation, and National Savings (COINS) Act aims to put a stop to the creation of new pennies for the next decade. Biggs asserts that there are already plenty of pennies in circulation to sustain the nation through the next ten years.
It costs the U.S. Mint approximately 3.69 cents for every penny it produces, turning the beloved cent into a financial black hole that drains taxpayer money. An astonishing $85 million of taxpayer dollars went down the drain for new pennies just last year. Americans, it seems, have simply accepted this wasteful practice without a second thought. President Trump has been leading the charge against government inefficiency, and the recent push from Biggs only reinforces Trump’s commitment to cutting wasteful spending on every front—especially when the country is already saddled with over $36 trillion in debt.
Exclusive: Andy Biggs aims to codify top Trump priority with new COINS Act https://t.co/Ukvva0jAff pic.twitter.com/tQyJ3E9XRM
— TheBlaze (@theblaze) February 18, 2025
The sheer absurdity of minting coins that cost more to create than they are worth would make any fiscal conservative’s head spin. Trump has made it clear that he wants to put an end to this madness, declaring that the production of new pennies will be halted. Every penny saved counts, especially when operating within a budget that resembles a teenager’s spending spree at the mall.
The Republicans in Congress seem to have caught the wave of these conservative reforms, with a renewed focus on curtailing unnecessary expenditures. With Elon Musk leading the charge at the new Department of Government Efficiency (DOGE), things are looking up for those serious about cleaning up Washington’s financial mess. The DOGE’s reports reveal that penny production cost taxpayers over $179 million in the last fiscal year. With the Mint churning out 4.5 billion pennies, one can’t help but wonder if Congress has been asleep at the wheel when it comes to such glaring waste.
As the debate rages on about whether it’s time to say goodbye to the penny, it’s abundantly clear that the financial burden placed on the American public cannot be justified. The COINS Act isn’t just about stopping penny production; it’s a symbolic stand against pointless spending. No more pennies will mean a little less waste and a lot more common sense in government. At the end of the day, when it comes to fiscal responsibility, the message is clear: if it’s costing too much to make a penny, then perhaps it’s time to join the modern age and let this coin rest in peace.
