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President Trump has just ordered the mint to stop making pennies!

tommyrusty7tommyrusty7 Posts: 2,102 ✭✭✭✭
edited February 10, 2025 2:15PM in U.S. Coin Forum

I wonder how many have already been minted?

Comments

  • Coin FinderCoin Finder Posts: 7,274 ✭✭✭✭✭

    A lot......

  • Pnies20Pnies20 Posts: 2,429 ✭✭✭✭✭

    In before someone says the thread will be locked.

    BHNC #248 … 130 and counting.

  • WaverlycoinsWaverlycoins Posts: 325 ✭✭✭

    You think 2025s will be gone?

  • fastfreddiefastfreddie Posts: 2,869 ✭✭✭✭✭

    Cent please...

    It is not that life is short, but that you are dead for so very long.
  • pcgs_educationpcgs_education Posts: 23 mod

    Moved this thread to the correct forum.

    Abby Zechman
    PCGS Education Coordinator

  • blitzdudeblitzdude Posts: 6,225 ✭✭✭✭✭

    @DNADave said:
    Good news. Time to stop wasting money.

    Heck yeah, retailers can proceed to just round everything up......and they will (more than a couple of pennies). Instant inflation. RGDS!

  • MsMorrisineMsMorrisine Posts: 33,936 ✭✭✭✭✭

    @blitzdude said:

    @DNADave said:
    Good news. Time to stop wasting money.

    Heck yeah, retailers can proceed to just round everything up......and they will (more than a couple of pennies). Instant inflation. RGDS!

    is that your chicken? THKS!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • erwindocerwindoc Posts: 5,197 ✭✭✭✭✭

    I was surprised at the cost to make a nickel today!

  • erscoloerscolo Posts: 641 ✭✭✭✭✭

    Another mindless and repetitive thread, one of dozens on this topic, and not just today. Time for another nap, evidently a long one.

  • johnny9434johnny9434 Posts: 28,750 ✭✭✭✭✭

    Via the way of the 33 double eagles (not)

  • P0CKETCHANGEP0CKETCHANGE Posts: 2,884 ✭✭✭✭✭

    @erscolo said:
    Another mindless and repetitive thread, one of dozens on this topic, and not just today. Time for another nap, evidently a long one.

    We might be rounding to the quarter by the time you wake up.

    Nothing is as expensive as free money.

  • Coin FinderCoin Finder Posts: 7,274 ✭✭✭✭✭

    US mint never made pennies man! :D

  • COCollectorCOCollector Posts: 1,341 ✭✭✭✭✭
    edited February 10, 2025 11:54PM

    "The latest U.S. Mint report suggests the nickel better watch its back, too. Each 5-cent piece costs the Mint 13.78 cents to make."
    https://www.msn.com/en-us/politics/government/trump-takes-aim-at-wasteful-government-spending-by-ordering-end-to-penny-production/ar-AA1yKMea?ocid=BingNewsSerp

    Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.

  • RedStormRedStorm Posts: 225 ✭✭✭

    @COCollector said:
    "The latest U.S. Mint report suggests the nickel better watch its back, too. Each 5-cent piece costs the Mint 13.78 cents to make."
    https://www.msn.com/en-us/politics/government/trump-takes-aim-at-wasteful-government-spending-by-ordering-end-to-penny-production/ar-AA1yKMea?ocid=BingNewsSerp

    I don’t recall the mint exploring cheaper ways to make the 5-cent coin like they did with the ‘penny’ on many occasions over the years. Could a nickel plated zinc coin be a cheaper option for the 5-cent piece, for example? The big challenge, I suspect, is vending machines. Vending machines don’t use cents, so when they changed the composition there, it didn’t matter; but most vending machines use nickels making changing the composition tricky.

  • Joe_360Joe_360 Posts: 1,768 ✭✭✭✭✭

    Well, there will still be pennies from heaven...

  • oldabeintxoldabeintx Posts: 2,225 ✭✭✭✭✭

    Since it costs less than 5c to make a cent. We can assume a 5c piece can be made for less than 5c.

  • SanddollarSanddollar Posts: 213 ✭✭✭

    I will bet you no one here is aware that in the 1980s, U.S. military bases overseas abolished the penny and began rounding all transactions up or down to the nearest 5 cents.

    Today it costs nearly 14c to produce a single nickel.

  • BStrauss3BStrauss3 Posts: 3,576 ✭✭✭✭✭

    For the record, as of today, 1pm US/East, 11 Feb 2025, there is no such presidential order.

    https://www.whitehouse.gov/presidential-actions/

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
  • SanctionIISanctionII Posts: 12,332 ✭✭✭✭✭

    Bring back the half cent (Logic and common sense be damned). :)

  • jmlanzafjmlanzaf Posts: 35,352 ✭✭✭✭✭

    @BillJones said:
    If the cent production is suspended, do you think that there will be big spike in demand for collector cents, like there was in 1857? That got the coin hobby started in the United States.

    No

  • ProofCollectionProofCollection Posts: 6,547 ✭✭✭✭✭

    And to be clear, all he can do is direct and ask the appropriate bureaucracy to "look into it." Ultimately I believe it comes down to an act of Congress, but it would probably start with some director making a presentation and case to Congress. As an alternative the Director could also propose a new cheaper composition, if there is one.

    I would propose maybe moving the decimal point on all prices.

    http://ProofCollection.Net

  • ashelandasheland Posts: 23,444 ✭✭✭✭✭

    @SanctionII said:
    Bring back the half cent (Logic and common sense be damned). :)

    Here you go. :p

    My YouTube Channel

  • dengadenga Posts: 922 ✭✭✭

    @ProofCollection said:
    And to be clear, all he can do is direct and ask the appropriate bureaucracy to "look into it." Ultimately I believe it comes down to an act of Congress, but it would probably start with some director making a presentation and case to Congress. As an alternative the Director could also propose a new cheaper composition, if there is one.

    I would propose maybe moving the decimal point on all prices.

    In 1804 the Mint stopped making eagles and dollars. This was done by order of Mint Director Elias Boudinot with the approval of President Jefferson. The precedent is there.

  • WCCWCC Posts: 2,671 ✭✭✭✭✭

    @BillJones said:
    If the cent production is suspended, do you think that there will be big spike in demand for collector cents, like there was in 1857? That got the coin hobby started in the United States.

    Even if it happens, supply is absolutely huge. Discontinuing the denomination doesn't mean a surge in demand for higher TPG label numbers.

  • BillJonesBillJones Posts: 34,419 ✭✭✭✭✭

    @WCC said:

    @BillJones said:
    If the cent production is suspended, do you think that there will be big spike in demand for collector cents, like there was in 1857? That got the coin hobby started in the United States.

    Even if it happens, supply is absolutely huge. Discontinuing the denomination doesn't mean a surge in demand for higher TPG label numbers.

    The supply of earlier dates isn’t. I put together a set of Indian and Flying Eagle Cents fairly easily. The 1858 large letters is the exception because some people are playing games with market. As it was with the 1877 Twenty Cent Piece, they can’t play with it forever, so I will wait. I got burned on the 1877 Twenty Cent Piece. I won’t get burned this time. I can buy a VF or EF if it comes to that.

    The large cents are something else. The die variety collectors take large numbers of pieces off the market because they need multiple examples of the same date. That makes them harder to find. I’ve got six dates left. I’m not sure if I would want to be starting on that collection now.

    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 ... ?
  • WCCWCC Posts: 2,671 ✭✭✭✭✭

    @BillJones said:

    @WCC said:

    @BillJones said:
    If the cent production is suspended, do you think that there will be big spike in demand for collector cents, like there was in 1857? That got the coin hobby started in the United States.

    Even if it happens, supply is absolutely huge. Discontinuing the denomination doesn't mean a surge in demand for higher TPG label numbers.

    The supply of earlier dates isn’t. I put together a set of Indian and Flying Eagle Cents fairly easily. The 1858 large letters is the exception because some people are playing games with market. As it was with the 1877 Twenty Cent Piece, they can’t play with it forever, so I will wait. I got burned on the 1877 Twenty Cent Piece. I won’t get burned this time. I can buy a VF or EF if it comes to that.

    The large cents are something else. The die variety collectors take large numbers of pieces off the market because they need multiple examples of the same date. That makes them harder to find. I’ve got six dates left. I’m not sure if I would want to be starting on that collection now.

    Sorry, I wasn't clear. I was referring to the Memorial cent, unless it's for "uber grades".

  • DoubleEagle59DoubleEagle59 Posts: 8,353 ✭✭✭✭✭

    Smart move.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • Rc5280Rc5280 Posts: 204 ✭✭✭

    @oldabeintx said:
    Since it costs less than 5c to make a cent. We can assume a 5c piece can be made for less than 5c.

    Not so much. Try $0.14 each to produce and distribute the Nickel.

    Treasury Secretary Bessent just said, on live tv a few minutes ago in regards to the 1C…
    Quote: “It’s going soon”……

  • cheezhedcheezhed Posts: 5,920 ✭✭✭✭✭

    So do it and get on with life.

    Many happy BST transactions
  • oih82w8oih82w8 Posts: 12,421 ✭✭✭✭✭

    They are not called...

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • MsMorrisineMsMorrisine Posts: 33,936 ✭✭✭✭✭

    when the remaining cents all look like parking lot finds, will they stop posting them here?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmlanzafjmlanzaf Posts: 35,352 ✭✭✭✭✭

    @Rc5280 said:

    @oldabeintx said:
    Since it costs less than 5c to make a cent. We can assume a 5c piece can be made for less than 5c.

    Not so much. Try $0.14 each to produce and distribute the Nickel.

    Treasury Secretary Bessent just said, on live tv a few minutes ago in regards to the 1C…
    Quote: “It’s going soon”……

    I think you're missing his point. He's not talking about the current nickel.

  • U1chicagoU1chicago Posts: 6,280 ✭✭✭✭✭

    @Rc5280 said:

    @oldabeintx said:
    Since it costs less than 5c to make a cent. We can assume a 5c piece can be made for less than 5c.

    Not so much. Try $0.14 each to produce and distribute the Nickel.

    Treasury Secretary Bessent just said, on live tv a few minutes ago in regards to the 1C…
    Quote: “It’s going soon”……

    I think the implication was that you can make a nickel to the same specifications as the current cent (size, metal content). That would cost less than 5 cents to make (although that might not last long if costs continue to increase).

  • MsMorrisineMsMorrisine Posts: 33,936 ✭✭✭✭✭

    @U1chicago said:
    I think the implication was that you can make a nickel to the same specifications as the current cent (size, metal content). That would cost less than 5 cents to make (although that might not last long if costs continue to increase).

    coin counter hell

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • U1chicagoU1chicago Posts: 6,280 ✭✭✭✭✭

    @MsMorrisine said:

    @U1chicago said:
    I think the implication was that you can make a nickel to the same specifications as the current cent (size, metal content). That would cost less than 5 cents to make (although that might not last long if costs continue to increase).

    coin counter hell

    It certainly would not be ideal. And maybe some changes could be made to make it different enough to prevent counting machine issues. But it would make more sense to get rid of the nickel too.

  • BANNEDBANNED Posts: 7,428 ✭✭✭✭✭

    @oih82w8 said:
    They are not called...

  • Steven59Steven59 Posts: 9,166 ✭✭✭✭✭

    It would take Congress to officially end the making of the cent but Treasury Secretary Scott Bessent can just order "0" number of cent's to be made to put an immediate stop to the production.

    "When they can't find anything wrong with you, they create it!"

  • ProofCollectionProofCollection Posts: 6,547 ✭✭✭✭✭

    The COINS act was introduced today by Senator Biggs to halt the production for a decade because we have a 10 year supply in inventory, as I understand it.
    https://www.theblaze.com/news/exclusive-andy-biggs-aims-to-codify-top-trump-priority-with-new-coins-act

    http://ProofCollection.Net

  • alaura22alaura22 Posts: 3,402 ✭✭✭✭✭

    Don't stop there, eliminate all coins

    Mike
    My Indians
    Danco Set

  • Rc5280Rc5280 Posts: 204 ✭✭✭

    @jmlanzaf said:

    @Rc5280 said:

    @oldabeintx said:
    Since it costs less than 5c to make a cent. We can assume a 5c piece can be made for less than 5c.

    Not so much. Try $0.14 each to produce and distribute the Nickel.

    Treasury Secretary Bessent just said, on live tv a few minutes ago in regards to the 1C…
    Quote: “It’s going soon”……

    I think you're missing his point. He's not talking about the current nickel.

    I guess I'll need to brush-up on my reading comprehension, it's always getting in the way! So thanks.
    Perhaps when the USM's SG&A is slashed to a reasonable level(-90% of current), we can talk about a so-called new nickel?
    In the meantime, I won't hold my breath. In fact, the 'current' 5C might just be up next for the chopping block?

  • sellitstoresellitstore Posts: 3,021 ✭✭✭✭✭

    So if the government started buying back cents at 2 cents each and nickels at 10 cents each the U.S. could save money AND make numismatists very happy. Let's do that.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.

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