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U.S. Cents discontinued and revalued
CaptHenway
Posts: 31,550 ✭✭✭✭✭
Washington, D.C., Monday, April 2, 2012
The U.S. Treasury announced today that due to the increased costs involved in making one cent coins, the U.S. cent has been discontinued effective immediately. None more will be struck.
In order for people to continue to be able to make change for that all-important cent, all one cent pieces struck from 1983 to 2012 (made from copper-plated zinc) will henceforth be worth two cents each. All bronze one cent pieces struck from 1864 to 1981 (excluding 1943) will henceforth be worth three cents each. Consumers are encouraged to exchange two-cent and three-cent one cent coins back and forth to make up one cent differences.
All steel cents dated 1943 are henceforth revalued at four cents each. Because one cent pieces were made in both bronze and copper-plated zinc in 1982, all 1982-dated cents are henceforth revalued to 2.5 cents each.
The U.S. Treasury announced today that due to the increased costs involved in making one cent coins, the U.S. cent has been discontinued effective immediately. None more will be struck.
In order for people to continue to be able to make change for that all-important cent, all one cent pieces struck from 1983 to 2012 (made from copper-plated zinc) will henceforth be worth two cents each. All bronze one cent pieces struck from 1864 to 1981 (excluding 1943) will henceforth be worth three cents each. Consumers are encouraged to exchange two-cent and three-cent one cent coins back and forth to make up one cent differences.
All steel cents dated 1943 are henceforth revalued at four cents each. Because one cent pieces were made in both bronze and copper-plated zinc in 1982, all 1982-dated cents are henceforth revalued to 2.5 cents each.
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.
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Comments
was going to make a new penny out of a helium filled hollow aluminum
planchet that cost 30c to fabricate and disintegrated after three uses.
Just add that Alcoa built a new skyscraper in DC and it's a sure bet.
<< <i> First of many April fools threads >>
here we go again
here come the 'i found 47 1914 D's in the cash register at the Kmart i work at' threads
i'm gonna avoid the board for awhile i think
We should boycott something.
<< <i> First of many April fools threads >>
Darn! Beat me to it!
<< <i>What about the pre-1864 large cents in my pocket? What are they worth now? >>
Just do the math. They're about the size of a 40c piece so that makes them 7c.
The really surprising thing is they monetized chuck-e-cheese tokens as 4 1/2 cent pieces.
I heartell M&M's will be the new half nickel.
Eat the other half for a profit.