No More Lincoln Cents? New Executive Order Tonight...
RichR
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Have any been produced in 2025?
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RichR
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WASHINGTON (AP) — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin.
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post Sunday night on his Truth Social site. “I have instructed my Secretary of the US Treasury to stop producing new pennies.”
Trump's new administration has been sharply focused on cutting costs, targeting entire agencies and large swaths of the federal workforce for dismissal.
“Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” he wrote.
Trump sent the message after attending the first half of the Super Bowl in New Orleans.
...I'm guessing...just guessing...that the Proof and Unc. coins have been produced for the 2025 annual sets???
lots to say but i see this thread going political eventually and i don't want to be the one starting it
just glad to have this information. thanks!
No 2025 mint sets listed at mint. No uncirculated 2025 rolls listed on eBay.
if any 2025 cents make it into circulation: moon money
Cue special "last strike" labels.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Well...I'm thinking/assuming/hoping we'll get them in the annual proof and mint sets this year...plus some number have likely already been struck for circulation.
But after that...it was a nice 115-year run for Abe...and done!
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)
So much for rarity:
Doesn't it take an act of congress to do this?
That is January 2025 production for the U.S. mint
the 1950-D in cent form?
I believe so, but Treasury can curtail 2025 production until Congress acts.
I don't think so. Congress can authorize production or a composition change, but the Treasury department can halt production for whatever reason. I suppose Congress could pass a law forcing them to produce a specific amount if they wanted. They may have to pass some law that establishes how cash transactions shall be rounded.
I do hope they make them for proof sets, though, and use actual copper planchets. Of course, I haven't bought a proof set for years, so do I really care?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Not sure a majority GOP Congress will be so anxious to remove the father of the Republican Party from the most heavily circulated coin….
…..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.
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
Why do you say that? The website says the figures are updated monthly and it's already February 9th
https://www.usmint.gov/about/production-sales-figures/circulating-coins-production
If that were the case then I would agree with you, but i think there’s a meaningful distinction between “Remove” and “Retire”. As others have suggested, they could always keep minting them for proof sets if they choose as well.
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Circulation coin mintage figures are updated **only **monthly, so the current numbers are for January 2025.
What a coincidence that this will cost jobs in PHILADELPHIA!
Per the NYT article posted here recently, the Mint told the author cent production is based on the needs of the Federal Reserve, but the Federal Reserve told the author it was the Director of the Mint that determined production . In either case, an act of congress is not needed.
Good news! Now the Mint can concentrate on making profitable coins, like nickels.
Oh wait . . .
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Why? You think Trump had KC tonight?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I think the Treasury Secretary has authority over the Mint Director. The Prez has authority over the Treasury Secretary.
The Mint is going to have a hissy-fit here, same with Congress. Grab the Popcorn...
Why should the Mint care? But the press will go wild. They’ll explain how it’s a scheme for billionaires to steal pennies from poor people by rounding up prices to the nearest nickel. And when Trump sees that story on TV, the nickel will go too, for the same reason. About time, if you ask me.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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And at the District 10 Federal Reserve Bank in Kansas City
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Mint layoffs...
I agree, it's about time.
Continuing inflation has made the cent nearly worthless, so the elimination of the cent was inevitable and long overdue. I'm glad that someone had the courage to rip the bandage off. Hopefully, the mint will be allowed to make business strike cents and proof strike cents for the annual mint sets and proof sets and rolls of cents to be sold to coin dealers and collectors at the actual cost of production plus a reasonable profit. It would also be nice if the collector cents were made of bronze, brass, or pure copper rather than the copper plated zinc currently being used.
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
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.
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Of course it's not a decimal that is changing, only the physical production of the cent.
There's still plenty of Lincolns out there. If a store doesn't have any, I'm sure the store will not mind rounding up to a nickel in change to their customers.
Cutting government waste should be everything, including the US mint.
Figured this would happen at some point
Whatever you are, be a good one. ---- Abraham Lincoln
The Government fiscal year starts October 1.
How many cent's minted since then?
https://www.nytimes.com/2025/02/09/us/politics/trump-stop-minting-pennies.html?unlocked_article_code=1.v04.va0o.jahIAWfJ7it1&smid=url-share
It costs 3.07 cents to mint a cent...11.04 cents to mint a nickel... I wouldn't be surprised to see the nickel go as well.
Canada stopped minting cents 13 years ago...
This production halting of pennies has been put before the Congress before, and they always passed on it. This time, they will embrace it.
Even if stores round prices up to the nearest nickel...when taxes are added, the final price may have some odd final price, does that mean taxes must also rise to the nearest nickel??
Makes sense to me, to cease production of circulation cents...and to keep punching out collectors cents. Next stop nickels!
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If you have a shopping cart full of groceries, the price of everything is totaled to the cent and sales tax is added to the cent. Rounding to the nearest nickel only happens when actual payment is being made and only if you are paying with cash rather than with a check, credit card, or debit card.
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
I believe that there were acts of Congress to end the half cent, twenty cent and three dollar gold coins. Can it be done by executive order, too? We may soon find out but no order has been issued yet. And if it is, yes, it should probably include the nickel, too, for the same reasons.
I hate to see them go but I think it will actually bring more people into the hobby when they hear about this. They will think Lincolns are rare! Coin dealers will make a killing when they market "The last U.S. cent" to the public.
Yes. Those mistakes somehow leak into circulation. Better double check those oil pans.
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.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Let the hoarding begin.
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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.
https://www.the-sun.com/sport/13471064/philadelphia-eagles-white-house-super-bowl-trump-snub/
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.
I’m not convinced that prices will always round up, but even if that’s true, the impact you described seems a bit exaggerated. The vast majority of transactions are already digital, which can still be settled to the penny. For cash transactions, the worst case scenario would be rounding up a whopping four cents, which on a $5 transaction is 0.8% of the total.
Nothing is as expensive as free money.
Most people use credit or debit cards and won't be affected. Also, the rounding to the nearest nickel only takes place once after everything in the shopping cart is totaled and it only happens if you pay with cash.
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
With family in Canada, I travel up there a bit. Shelf prices are not rounded. Your order is rung-up and totaled then the rounding occurs, but only for cash transactions. Credit/Debit cards are charged the actual sales amount. .01/.02 are rounded down and .03/.04 are rounded to up. Given the number of cash transactions in your day/month/year, this is a non-event
And if you really want to get worked up over a hidden tax when paying cash, consider that stores already mark their prices up to cover credit card interchange fees charged by Visa, MC, etc, which are a flat fee of $.10-$.20 plus a percentage of the purchase. If you aren’t using a cash back card to recover 2%, you’re subsidizing those that do.
Nothing is as expensive as free money.
Good lord man. Even if you went shopping every day and got the maximum possible bad luck every single day on the rounding, that would be 4 cents per day, or 14 bucks a year. Really?
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.