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Can the president really kill off the penny – and should he?

By Jay L. Zagorsky, Associate Professor Questrom School of Business, Boston University

In the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny. Since the lowly penny in 2024 cost about 3.7 cents to make – meaning the government loses money on every coin – the announcement might seem practical at first glance. But does the president have the power to kill off the penny?

I’m a business…

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