@CaptHenway said:
What a coincidence that this will cost jobs in PHILADELPHIA!
Why? You think Trump had KC tonight?
The President had very openly endorsed the Kansas City Chiefs before the game, despite their connection to Ms. Taylor Swift, presumably because the Philadelphia Eagles had snubbed his White House invitation when they won the Super Bowl during his first term.
Now we all know that the U.S. should have eliminated the one cent coin years ago, as Canada did quite successfully, but the timing of the announcement suggests a petty ulterior motive.
Not sure what "ulterior motive" it would suggest other than that it's part of cutting waste, as he promised those who elected him. It would also suggest that he's the first Prez with the cajones to actually do it rather than just giving lip service.
@fathom said:
It doesn't really move the budget needle.
More pressing concerns out there but he will keep Congress busy on this and other fiscal matters. How about an executive order to keep the Congressional ass at the desk instead of flying around raising money for reelection?
NY times quote is the nickel costs 13.5 to produce and distribute. Round to the dime.
The nickel could be made with 430 stainless steel or some other steel alloy. Much lower cost, longer durability, and a reasonably similar look. It has been used in other countries for coins.
@privatecoin said:
The prices will always round up, never down. More money out of the people's pocket. May not see, like much, but it is for many of us. One step closer to our money being worthless.
So essentially this is a third tax on the people. First out of your check, second with inflation, and third by rounding prices up.
>
Do you think people would be cheated if prices were rounded up (or down) to the nearest quarter?
Because that was effectively the situation in 1913, when the penny was the smallest denomination and its purchasing power was equal to 33 cents today.
The one-cent coin should have been discontinued long ago.
@ambro51 said:
…..oh, you Actually spend one cent coins? Or, do you get them in change the rare times the debit card isn’t used, and toss them into a can.
Oh, the horror.
Think of the massive decrease in parking lot coins being posted as questionable errors.
I would like to see the cent/penny (whichever you prefer), to be issued like halves, only in Mint and Proof sets. I know that halves have somehow been released into circulation, but I believe that to be an anomaly. No one will be requesting cents/pennies from their banks to search. I believe that most US military bases had stopped using cents/pennies years ago. The paper dollar should be next. But these are only my opinion, I could be wrong.
@HalfDime said:
According to the mint website, it looks like this many have been made so far for 2025 coins
2025 Lincoln Cents 82,400,000 D 160,000,000 P (242,400,000 P + D)
2024 Lincoln Cents 1,513,200,000 D 1,712,000,000 P (3,225,200,000 P+D)
82,400,000 / 100 = $824,000
$25 dollars per box means 32,960
so not exactly rare because there's probably not 33k box hoarders, but that's got to be compared to the 2009 "Presidency" issue - Philly - circ strikes : 129,600,000 or $1,296,000 or 51,840 boxes a BIN for a box sold for $250 plus - ok not exactly moon money, but not common
There is undoubtedly a pipeline of planchets that is already filled or committed to buy, that will need to be struck before the actual manufacturing ends. Unless the Mint decides to hoard them all for future Mint Set and Proof issues, though in that case the inventory would take decades to exhaust.
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
@HalfDime said:
According to the mint website, it looks like this many have been made so far for 2025 coins
2025 Lincoln Cents 82,400,000 D 160,000,000 P (242,400,000 P + D)
2024 Lincoln Cents 1,513,200,000 D 1,712,000,000 P (3,225,200,000 P+D)
82,400,000 / 100 = $824,000
$25 dollars per box means 32,960
so not exactly rare because there's probably not 33k box hoarders, but that's got to be compared to the 2009 "Presidency" issue - Philly - circ strikes : 129,600,000 or $1,296,000 or 51,840 boxes a BIN for a box sold for $250 plus - ok not exactly moon money, but not common
There is undoubtedly a pipeline of planchets that is already filled or committed to buy, that will need to be struck before the actual manufacturing ends. Unless the Mint decides to hoard them all for future Mint Set and Proof issues, though in that case the inventory would take decades to exhaust.
Sean Reynolds
An excellent point. The number of planchets already made and in the pipeline could easily exceed one billion. What to do with them?
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
@MsMorrisine said:
hmmm so true. what has been contracted so far? do they do it quarterly? yearly? and there's nothing to do with those things if not coined
They can be recycled. Depending on costs, it could be more efficient to recycle than to finish the manufacturing process.
The only sad part about doing away with the cent is that it will break a string of dates going back 1793. The only missing date is 1815 when a fire at the mint combined with a lack of cent planchets prevented the coinage of cents for that year.
As a collector I would like to the date run continue through Proof and Mint sets, and possibly rolls. The mint could charge more than what it costs to make cents, and collectors would be willing to pay for them.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@BillJones said:
The only sad part about doing away with the cent is that it will break a string of dates going back 1793. The only missing date is 1815 when a fire at the mint combined with a lack of cent planchets prevented the coinage of cents for that year.
As a collector I would like to the date run continue through Proof and Mint sets, and possibly rolls. The mint could charge more than what it costs to make cents, and collectors would be willing to pay for them.
2009-2010 had P&D 2 roll boxes for maybe $9? $8?
if we compare to kennedy rolls, better chances are found in mint sets. rolls can be the quality of business strikes. of course there's the time to sell the rest of the singles from the sets. forget bags.
@BillJones said:
The only sad part about doing away with the cent is that it will break a string of dates going back 1793. The only missing date is 1815 when a fire at the mint combined with a lack of cent planchets prevented the coinage of cents for that year.
As a collector I would like to the date run continue through Proof and Mint sets, and possibly rolls. The mint could charge more than what it costs to make cents, and collectors would be willing to pay for them.
2009-2010 had P&D 2 roll boxes for maybe $9? $8?
if we compare to kennedy rolls, better chances are found in mint sets. rolls can be the quality of business strikes. of course there's the time to sell the rest of the singles from the sets. forget bags.
$8 or $9 for two rolls is only 8 or 9 cents per coin. I think most collectors would be willing to 25 or even 50 cents apiece to fill a hole in an album. Proofs would cost more, at least a $1. Also make them on bronze planchets.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
How many slabs in a complete set of MS and PR Lincoln cents? How many safe deposit boxes would you need to store the entire set? Do you really want the set to keep getting bigger?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Since I started this thread...I now pose this hypothetical,,,
Let's just say that cents are produced in 2026 [and going forward] only for the annual sets...how would those comparatively low numbers compare to other "rare" issues in the Lincoln series?
And did the Mint plan any special designs for the 250th anniversary of the country...which would potentially be moot?
@RichR said:
Since I started this thread...I now pose this hypothetical,,,
Let's just say that cents are produced in 2026 [and going forward] only for the annual sets...how would those comparatively low numbers compare to other "rare" issues in the Lincoln series?
And did the Mint plan any special designs for the 250th anniversary of the country...which would potentially be moot?
And I know there are a lot if ifs there...
Look at the 2017 Enhanced Uncirculated cent at jusr over 200,000 minted. Check prices and answer your own unspoken question.
@RichR said:
Since I started this thread...I now pose this hypothetical,,,
Let's just say that cents are produced in 2026 [and going forward] only for the annual sets...how would those comparatively low numbers compare to other "rare" issues in the Lincoln series?
And did the Mint plan any special designs for the 250th anniversary of the country...which would potentially be moot?
And I know there are a lot if ifs there...
Look at the 2017 Enhanced Uncirculated cent at jusr over 200,000 minted. Check prices and answer your own unspoken question.
Seems No, ebay full of “presales” like 250$ a roll.
how can they have a presale? Where would they get a roll of 2025 pennies? I thought you couldn't get pennies directly from the reserve unless you were a third party vendor like brick or something
@RichR said:
Since I started this thread...I now pose this hypothetical,,,
Let's just say that cents are produced in 2026 [and going forward] only for the annual sets...how would those comparatively low numbers compare to other "rare" issues in the Lincoln series?
And did the Mint plan any special designs for the 250th anniversary of the country...which would potentially be moot?
And I know there are a lot if ifs there...
Look at the 2017 Enhanced Uncirculated cent at jusr over 200,000 minted. Check prices and answer your own unspoken question.
Will cents not struck for circulation be in pain cents albums?
@RichR said:
Since I started this thread...I now pose this hypothetical,,,
Let's just say that cents are produced in 2026 [and going forward] only for the annual sets...how would those comparatively low numbers compare to other "rare" issues in the Lincoln series?
And did the Mint plan any special designs for the 250th anniversary of the country...which would potentially be moot?
And I know there are a lot if ifs there...
Look at the 2017 Enhanced Uncirculated cent at jusr over 200,000 minted. Check prices and answer your own unspoken question.
Will cents not struck for circulation be in pain cents albums?
@HalfDime said:
According to the mint website, it looks like this many have been made so far for 2025 coins
2025 Lincoln Cents 82,400,000 D 160,000,000 P (242,400,000 P + D)
2024 Lincoln Cents 1,513,200,000 D 1,712,000,000 P (3,225,200,000 P+D)
82,400,000 / 100 = $824,000
$25 dollars per box means 32,960
so not exactly rare because there's probably not 33k box hoarders, but that's got to be compared to the 2009 "Presidency" issue - Philly - circ strikes : 129,600,000 or $1,296,000 or 51,840 boxes a BIN for a box sold for $250 plus - ok not exactly moon money, but not common
There is undoubtedly a pipeline of planchets that is already filled or committed to buy, that will need to be struck before the actual manufacturing ends. Unless the Mint decides to hoard them all for future Mint Set and Proof issues, though in that case the inventory would take decades to exhaust.
Sean Reynolds
An excellent point. The number of planchets already made and in the pipeline could easily exceed one billion. What to do with them?
How many slabs in a complete set of MS and PR Lincoln cents? How many safe deposit boxes would you need to store the entire set? Do you really want the set to keep getting bigger?
1) My complete Lincoln set (including varieties) on the NGC registry has 491 slots, I'm a bit over 50% complete.
2) Too many bank boxes, it does get expensive to store a Lincoln cent set.
3) Yes and no; I would love to see President Lincoln continue to be honored, but there is a side of me that would like to see the set finished at some point.
@mrcommem said:
Its about time someone has the guts to stop cent production. Now it's time to take the cuts a bit further and stop making paper five and one dollar bills and start making $2 and $5 coins.
It's called FOLDING Money for a reason... No one wants a pocket full of change if they can have folding money.
As I mentioned in a previous topic I made some time ago (but people completely misread/misunderstood the point), I always did wonder why so many needed to be made each year and why not cut back as there had to be more than enough pennies out there to go around. But cutting back is a LOT different from eliminating the penny completely. I can promise you the penny will never completely go away as the two Illinois senators will tag team filibuster any attempt at it...do I need to explain why? (hint: the guy on the penny and their license plates)
This is why the analogy you often hear about Canada and all those other countries doing away with their pennies is totally wrong as none of those other pennies had one of the most beloved historic figures of all time on it like the US penny does.
@Estil said:
As I mentioned in a previous topic I made some time ago (but people completely misread/misunderstood the point), I always did wonder why so many needed to be made each year and why not cut back as there had to be more than enough pennies out there to go around. But cutting back is a LOT different from eliminating the penny completely. I can promise you the penny will never completely go away as the two Illinois senators will tag team filibuster any attempt at it...do I need to explain why? (hint: the guy on the penny and their license plates)
This is why the analogy you often hear about Canada and all those other countries doing away with their pennies is totally wrong as none of those other pennies had one of the most beloved historic figures of all time on it like the US penny does.
They only make what they need. There are not vaults full of cents at the Treasury. The reason they need that many is that they don't circulate. They either end up in parking lots or coin jars.
That said, if the banks bought them back at 1.5 cents each, it would be a win. Happened in the 70s.
Lincoln is also on the $5 bill, so the cent is superfluous even as a memorial.
Whatever happens, I do not think that replacing dollar bills with dollar coins would save the government money. The 2019 GAO report suggests this and not only that, fewer people are using cash.
Funny that many coin collectors are so seemingly blase about accelerating the actual death of circulating coins...and bills will definitely be next...a source of immense enjoyment and fascination in my life.
In a world full of waste, abuse, fraud, and actual fiscal stupidity (both public and private)...this all seems like BS to me.
And don't get me started about crypto...and tokens...and other digital crap...
@RichR said:
Funny that many coin collectors are so seemingly blase about accelerating the actual death of circulating coins...and bills will definitely be next...a source of immense enjoyment and fascination in my life.
In a world full of waste, abuse, fraud, and actual fiscal stupidity (both public and private)...this all seems like BS to me.
And don't get me started about crypto...and tokens...and other digital crap...
Because bullion is the future. Many US collectors see circulating coins as having really ended in 1965.
If cents were Tootsie Rolls each american would weight an additional 30 pounds.
Tootsie Rolls used to cost a single cent each, up until about 1962.
A cent dropped from the Empire State Building would not hurt anyone on the ground as the wind would blow the cent and slow its decent although it can be argued gravity doesn't mess around.
Benjamin Franklin, the country's third president and the inventor of lightening reportedly designed the first American penny in 1787. Known as the Fugio cent, it bears the image of a sun and sundial above the message “Mind Your Business.” A chain with 13 links, each representing one of the original colonies, encircles the motto “We Are One” on the reverse.
The number of pieces it takes to complete a set of Lincoln Cents is the reason why my "one per year" cent collection will make me perfectly happy if I don't have all of the Lincoln Cents. The large cents are tough enough with little items like the 1793s, 1799 and 1804. And those are really only a good beginning.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
One could get one these to cover the "Lincoln Cent" medal space in your collection.
The story is Victor D. Brenner showed one of these pieces to Theodore Roosevelt which launched the coinage of billions of piec;es.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Benjamin Franklin, the country's third president and the inventor of lightening reportedly designed the first American penny in 1787.
Are you serious? Ben Franklin was never president, and he didn't invent lightning.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@HalfDime said:
According to the mint website, it looks like this many have been made so far for 2025 coins
2025 Lincoln Cents 82,400,000 D 160,000,000 P (242,400,000 P + D)
2024 Lincoln Cents 1,513,200,000 D 1,712,000,000 P (3,225,200,000 P+D)
82,400,000 / 100 = $824,000
$25 dollars per box means 32,960
so not exactly rare because there's probably not 33k box hoarders, but that's got to be compared to the 2009 "Presidency" issue - Philly - circ strikes : 129,600,000 or $1,296,000 or 51,840 boxes a BIN for a box sold for $250 plus - ok not exactly moon money, but not common
There is undoubtedly a pipeline of planchets that is already filled or committed to buy, that will need to be struck before the actual manufacturing ends. Unless the Mint decides to hoard them all for future Mint Set and Proof issues, though in that case the inventory would take decades to exhaust.
Sean Reynolds
An excellent point. The number of planchets already made and in the pipeline could easily exceed one billion. What to do with them?
Sell them to be used for industrial purposes. Also make it legal to melt cents and nickels so that metal can be recycled instead of sitting in cent jars and change cups.
Benjamin Franklin, the country's third president and the inventor of lightening reportedly designed the first American penny in 1787. Known as the Fugio cent, it bears the image of a sun and sundial above the message “Mind Your Business.” A chain with 13 links, each representing one of the original colonies, encircles the motto “We Are One” on the reverse.
Franklin was not the third president. That would be Thomas Jefferson. Franklin's thoughts were reflected on the Fugio Cent.
The same design appeared on the early Continential Currency in 1776.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Benjamin Franklin, the country's third president and the inventor of lightening reportedly designed the first American penny in 1787.
Are you serious? Ben Franklin was never president, and he didn't invent lightning*.
Well, he should have been. (He was the Elon of the 18th century.)
My only correction: "Harnest" instead of "Invented."
By 1750, in addition to wanting to prove that lightning was electricity, Franklin- the first to recognize lightning could be contained- began to think about protecting people, buildings, and other structures from lightning. This grew into his idea for the lightning rod. Franklin described an iron rod about 8 or 10 feet long that was sharpened to a point at the end.
@Typekat said:
If they also stopped producing the stupid nickel (cost 12c or so), we’d all be better off.
And doing so would knock a virtually worthless decimal place off our money
You can't do away with the nickel without doing away with the penny first! That's sort of like all these people who want to do human/crewed missions to Mars and even Saturn's moon Titan...when we haven't even been back to the moon in over 50 years! You know, take things one step at a time?
Benjamin Franklin, the country's third president and the inventor of lightening reportedly designed the first American penny in 1787.
Are you serious? Ben Franklin was never president, and he didn't invent lightning*.
Well, he should have been. (He was the Elon of the 18th century.)
My only correction: "Harnest" instead of "Invented."
By 1750, in addition to wanting to prove that lightning was electricity, Franklin- the first to recognize lightning could be contained- began to think about protecting people, buildings, and other structures from lightning. This grew into his idea for the lightning rod. Franklin described an iron rod about 8 or 10 feet long that was sharpened to a point at the end.
Hence why the whole "lightning never strikes twice in the same spot" saying makes ZERO sense.
Comments
Not sure what "ulterior motive" it would suggest other than that it's part of cutting waste, as he promised those who elected him. It would also suggest that he's the first Prez with the cajones to actually do it rather than just giving lip service.
RIP Mom- 1932-2012
The nickel could be made with 430 stainless steel or some other steel alloy. Much lower cost, longer durability, and a reasonably similar look. It has been used in other countries for coins.
My US Mint Commemorative Medal Set
>
Do you think people would be cheated if prices were rounded up (or down) to the nearest quarter?
Because that was effectively the situation in 1913, when the penny was the smallest denomination and its purchasing power was equal to 33 cents today.
The one-cent coin should have been discontinued long ago.
My Adolph A. Weinman signature
Here is a link with the news story:
https://abcnews.go.com/Business/wireStory/trump-directed-us-treasury-stop-minting-new-pennies-118639625
Bump
This doesn’t make any CENTS 😮
Oh, the horror.
Think of the massive decrease in parking lot coins being posted as questionable errors.
I would like to see the cent/penny (whichever you prefer), to be issued like halves, only in Mint and Proof sets. I know that halves have somehow been released into circulation, but I believe that to be an anomaly. No one will be requesting cents/pennies from their banks to search. I believe that most US military bases had stopped using cents/pennies years ago. The paper dollar should be next. But these are only my opinion, I could be wrong.
There is undoubtedly a pipeline of planchets that is already filled or committed to buy, that will need to be struck before the actual manufacturing ends. Unless the Mint decides to hoard them all for future Mint Set and Proof issues, though in that case the inventory would take decades to exhaust.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Hoard the commons!
An excellent point. The number of planchets already made and in the pipeline could easily exceed one billion. What to do with them?
hmmm so true. what has been contracted so far? do they do it quarterly? yearly? and there's nothing to do with those things if not coined
They can be recycled. Depending on costs, it could be more efficient to recycle than to finish the manufacturing process.
The only sad part about doing away with the cent is that it will break a string of dates going back 1793. The only missing date is 1815 when a fire at the mint combined with a lack of cent planchets prevented the coinage of cents for that year.
As a collector I would like to the date run continue through Proof and Mint sets, and possibly rolls. The mint could charge more than what it costs to make cents, and collectors would be willing to pay for them.
I wonder if the HSN will be trying to acquire rolls of 2025 cents to feature in their coin show.
2009-2010 had P&D 2 roll boxes for maybe $9? $8?
if we compare to kennedy rolls, better chances are found in mint sets. rolls can be the quality of business strikes. of course there's the time to sell the rest of the singles from the sets. forget bags.
$8 or $9 for two rolls is only 8 or 9 cents per coin. I think most collectors would be willing to 25 or even 50 cents apiece to fill a hole in an album. Proofs would cost more, at least a $1. Also make them on bronze planchets.
Three questions:
How many slabs in a complete set of MS and PR Lincoln cents? How many safe deposit boxes would you need to store the entire set? Do you really want the set to keep getting bigger?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Since I started this thread...I now pose this hypothetical,,,
Let's just say that cents are produced in 2026 [and going forward] only for the annual sets...how would those comparatively low numbers compare to other "rare" issues in the Lincoln series?
And did the Mint plan any special designs for the 250th anniversary of the country...which would potentially be moot?
And I know there are a lot if ifs there...
Are 2025 pennies in circulation yet?
Look at the 2017 Enhanced Uncirculated cent at jusr over 200,000 minted. Check prices and answer your own unspoken question.
2025 > @DaRigMan04 said:
Seems No, ebay full of “presales” like 250$ a roll.
are the 2017eu in "plain" cent albums?
also, if you can sell a 2009 (P) presidency box for 250plus then that speaks for itself
how can they have a presale? Where would they get a roll of 2025 pennies? I thought you couldn't get pennies directly from the reserve unless you were a third party vendor like brick or something
when ebay transactions can be cancelled on a whim, anything can be a pre-sale
Will cents not struck for circulation be in pain cents albums?
let me get a current kennedy album to compare..
Strike them all and stick it to the speculators.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
1) My complete Lincoln set (including varieties) on the NGC registry has 491 slots, I'm a bit over 50% complete.
2) Too many bank boxes, it does get expensive to store a Lincoln cent set.
3) Yes and no; I would love to see President Lincoln continue to be honored, but there is a side of me that would like to see the set finished at some point.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
It's called FOLDING Money for a reason... No one wants a pocket full of change if they can have folding money.
Do people know what they are bidding on? There's an eBay auction that is for a PDS (3 coins) at $259 with 6 days to go. How fun!
Glad that I got my 55 DDO MS64 RB a couple of weeks ago before things get real crazy.
I love this hobby!
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maintenance Crew Chief and Contracting Officer.
My current Registry sets:
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
As I mentioned in a previous topic I made some time ago (but people completely misread/misunderstood the point), I always did wonder why so many needed to be made each year and why not cut back as there had to be more than enough pennies out there to go around. But cutting back is a LOT different from eliminating the penny completely. I can promise you the penny will never completely go away as the two Illinois senators will tag team filibuster any attempt at it...do I need to explain why? (hint: the guy on the penny and their license plates)
This is why the analogy you often hear about Canada and all those other countries doing away with their pennies is totally wrong as none of those other pennies had one of the most beloved historic figures of all time on it like the US penny does.
D's: 50P,49S,45D+S,43D,41S,40D,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 241,435,610,654 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
They only make what they need. There are not vaults full of cents at the Treasury. The reason they need that many is that they don't circulate. They either end up in parking lots or coin jars.
That said, if the banks bought them back at 1.5 cents each, it would be a win. Happened in the 70s.
Lincoln is also on the $5 bill, so the cent is superfluous even as a memorial.
Whatever happens, I do not think that replacing dollar bills with dollar coins would save the government money. The 2019 GAO report suggests this and not only that, fewer people are using cash.
If they also stopped producing the stupid nickel (cost 12c or so), we’d all be better off.
And doing so would knock a virtually worthless decimal place off our money
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
Funny that many coin collectors are so seemingly blase about accelerating the actual death of circulating coins...and bills will definitely be next...a source of immense enjoyment and fascination in my life.
In a world full of waste, abuse, fraud, and actual fiscal stupidity (both public and private)...this all seems like BS to me.
And don't get me started about crypto...and tokens...and other digital crap...
Sort of reminds me of Rufus T. Firefly’s job offer at the Mint to Chicolini… Mint? I no like a mint… what other flavor you got?
I suspect we’ll find out soon enough.
Experience the World through Numismatics...it's more than you can imagine.
Because bullion is the future. Many US collectors see circulating coins as having really ended in 1965.
If cents were Tootsie Rolls each american would weight an additional 30 pounds.
Tootsie Rolls used to cost a single cent each, up until about 1962.
A cent dropped from the Empire State Building would not hurt anyone on the ground as the wind would blow the cent and slow its decent although it can be argued gravity doesn't mess around.
Benjamin Franklin, the country's third president and the inventor of lightening reportedly designed the first American penny in 1787. Known as the Fugio cent, it bears the image of a sun and sundial above the message “Mind Your Business.” A chain with 13 links, each representing one of the original colonies, encircles the motto “We Are One” on the reverse.
For the record, as of today, 1pm US/East, 11 Feb 2025, there is no such presidential order.
https://www.whitehouse.gov/presidential-actions/
ANA 50 year/Life Member (now "Emeritus")
Could they make commemorative medals> @BStrauss3 said:
Does it need one? It sounded like the Treasury Secretary could make the decision.
Nothing is as expensive as free money.
The number of pieces it takes to complete a set of Lincoln Cents is the reason why my "one per year" cent collection will make me perfectly happy if I don't have all of the Lincoln Cents. The large cents are tough enough with little items like the 1793s, 1799 and 1804. And those are really only a good beginning.
One could get one these to cover the "Lincoln Cent" medal space in your collection.
The story is Victor D. Brenner showed one of these pieces to Theodore Roosevelt which launched the coinage of billions of piec;es.
Are you serious? Ben Franklin was never president, and he didn't invent lightning.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sell them to be used for industrial purposes. Also make it legal to melt cents and nickels so that metal can be recycled instead of sitting in cent jars and change cups.
Franklin was not the third president. That would be Thomas Jefferson. Franklin's thoughts were reflected on the Fugio Cent.
The same design appeared on the early Continential Currency in 1776.
very interesting
considering the dates of other orders, it's not a problem with updating the page
Well, he should have been. (He was the Elon of the 18th century.)
My only correction: "Harnest" instead of "Invented."
You can't do away with the nickel without doing away with the penny first! That's sort of like all these people who want to do human/crewed missions to Mars and even Saturn's moon Titan...when we haven't even been back to the moon in over 50 years! You know, take things one step at a time?
D's: 50P,49S,45D+S,43D,41S,40D,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 241,435,610,654 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
Hence why the whole "lightning never strikes twice in the same spot" saying makes ZERO sense.
D's: 50P,49S,45D+S,43D,41S,40D,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 241,435,610,654 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars