Impact of President Trump's Proposal to Eliminate Pennies on Coin Collectors

SOURCE www.npr.org
President Trump's proposal to get rid of pennies doesn't seem to affect the numismatic community much, as collectors believe that old pennies don't necessarily hold significant value.

Key Points

  • Old pennies may not hold inherent value despite their age.
  • Collectors have various alternative payment methods beyond pennies.

Pros

  • Collectors have a wide range of other valuable coins to buy and trade.

Cons

  • The end of the penny's long history may be seen as a loss by some collectors.