| ▲ | mjd 13 hours ago | |||||||||||||||||||||||||||||||
I think this is wrong. As far as I can tell the relevant statute is 31 USC §5112, and it does not require the minting of all authorized coins: “(a) The Secretary of the Treasury *may mint* and issue only the following coins: ... (6) ... a one-cent coin that is 0.75 inch in diameter and weighs 3.11 grams.” (Emphasis mine) There may be another clause somewhere that requires the Treasury to issue all coins, but that seems unlikely to me. The _number_ of coins to issue of each type is left to the discretion of the Treasury; why wouldn't that include the option to issue none? | ||||||||||||||||||||||||||||||||
| ▲ | delecti 13 hours ago | parent [-] | |||||||||||||||||||||||||||||||
I addressed in another reply that "'none' is all that's necessary" is probably a defensible interpretation of the law (the more relevant portion being in 5111 rather than 5112), but the penny being explicitly listed makes it clearly not the intention of congress. That's why I said it's a "shaky" and not "baseless" legal ground. The law is clearly written with the expectation that there will be some, which is why Congress felt the need to pass the Coinage Act of 1857 to phase out the half cent. I think we should get rid of the penny, but it's Congress's responsibility to do that, and they haven't. I'm opposed to Congress abdicating its power and responsibility like that. | ||||||||||||||||||||||||||||||||
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