Elon Musk's DOGE initiative is promoting the elimination of the 1-cent coin, which costs 3 cents to produce - more than its nominal value.
By removing it from circulation, the United States could save taxpayers about $179 million each year.
This bold move is part of Musk's broader plan to cut unnecessary government spending, minimize inefficiency, and streamline the country's monetary system.
Despite opposition, it is drawing attention as a potential solution to outdated and costly practices.