sung to the tune “in the year 2525”
by Zager and Evans 1969
…so in the year 2026, the cent no longer exists….will the nickel survive?
Da , Da ,Da
In the year 2027, will the quarter still shine, can you find it in your change
or is it gone the way of the dime?
Show your halves and dollars too
it seems like they are gone too
wow wow wow
It has been only 2 years, and the mint is thru, all has been replaced…by the bitcoin new!
Lol
Wayne
Today being Lincoln's birthday perhaps one or both of the Illinois senators can make some sort of resolution or something threatening to filibuster any attempt at completely eliminating the penny? I mean cutting back production would be one thing but...
@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...
I think the discontinuation of coin production would ultimately be a benefit for value appreciation of the ones that already exist, people are now aggressively buying rolls of uncirculated Lincoln cents.
@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.
There would be huge ramifications to introducing steel into our coinage.
It would severely curtail or eliminate the ability of coin counting machines and vending machines to reject Canadian and other similar foreign coins.
@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.
There would be huge ramifications to introducing steel into our coinage.
It would severely curtail or eliminate the ability of coin counting machines and vending machines to reject Canadian and other similar foreign coins.
Steel and aluminum are both not options now anyways.
@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.
If a cent can be made for less than 5 cents then a 5c piece can be made for less than 5 cents.
As far as consumer relevance, if we follow the same rules as Canada the effect on consumers is trivial in the extreme. I believe non-cash transactions are not rounded in Canada. For me the effect would be near zero as I seldom use cash for transactions that require small change. On average the effect would be near zero for frequent cash users as well, as has been pointed out.
There once was this old fellow named Abe,
Who graced his presence on this thing called a cent.
Then someone appeared and said you must(Musk) go
And on his merry old way did old Abe went.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
No, actually the dollar bill wasn't redesigned because the low value made it a low threat of being counterfeited in any sophisticated way. This is the reason that the BEP provides for why the $1 was omitted from the redesign process.
Elimination of the cent may end up being put on the back burner again if there are more important issues for Congress to address.
Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
@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.
Cents were struck in December 1815 but given an 1816 or 1814 date. The fire was in January 1816.
and looked up 2025: Trom whatI can tell The total number of Lincom Cents for 2025 is 595,400,00 (595 Million)
In 2023 the U.S. Mint made over 4.5 billion pennies. In 2024, the Mint made 3.2 billion pennies.
595/3200 is aprox .1859
So, that means 2025 coins that actually are release are about 80% scarcer than 2024.
If you add to this scarcity, the fact its the last year, and collectors being collectors, will hoard the last year of a series,its suddenly a KEY DATE. Lots of people will hoard boxes of them, and for a while that will make them sell for a slight premium.
Here's the 2024 data from the mint
2024
Denomination Denver Philadelphia Total
Lincoln Cents 245,400,000 350,000,000 595,400,000
Jefferson 5 Cents 72,240,000 84,000,000 156,240,000
Roosevelt Dimes 128,000,000 113,000,000 241,000,000
Quarter Program 99,500,000 108,550,000 208,050,000
Kennedy Half Dollars 5,600,000 5,800,000 11,400,000
Native American Dollar 1,120,000 1,960,000 3,080,000
Total 551,860,000 663,310,000 1,215,170,000
and looked up 2025: Trom whatI can tell The total number of Lincom Cents for 2025 is 595,400,000 (595 Million)
In 2023 the U.S. Mint made over 4.5 billion pennies. In 2024, the Mint made 3.2 billion pennies.
595,400,000 does not a scarce coin make. There will be hoarding and attempted numishype-driven price gouging, but these will not be scarce. Has production even stopped yet?
So, that means 2025 coins that actually are release are about 80% scarcer than 2024.
You neglect to take into account that we still have ~83% of 2025 yet to come. Assuming the EO is toothless and unenforceable, we are tracking right in line with 2024 production.
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
No EO is required to stop/curb 1C production, and no EO has been issued. Sec Bessent has the authority to request a halt of production on behalf of his boss.
They are indeed still pumping out the clad, and on schedule.
In Red, the Mint balance sheet will take a hit.
In Green(subsidizers for Red), the Mint balance sheet is salvaged.
But I could be wrong.
.
There are reports of 2025-D's in Los Angeles, CA.
Some are getting around, and those who care, or are duped into thinking they're rare, are holding on to them.
Comments
sung to the tune “in the year 2525”
by Zager and Evans 1969
…so in the year 2026, the cent no longer exists….will the nickel survive?
Da , Da ,Da
In the year 2027, will the quarter still shine, can you find it in your change
or is it gone the way of the dime?
Show your halves and dollars too
it seems like they are gone too
wow wow wow
It has been only 2 years, and the mint is thru, all has been replaced…by the bitcoin new!
Lol
Wayne
Kennedys are my quest...
Today being Lincoln's birthday perhaps one or both of the Illinois senators can make some sort of resolution or something threatening to filibuster any attempt at completely eliminating the penny? I mean cutting back production would be one thing but...
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
11 Months ago:
The medal reverse should be made into a coin reverse.
I think the discontinuation of coin production would ultimately be a benefit for value appreciation of the ones that already exist, people are now aggressively buying rolls of uncirculated Lincoln cents.
Founder- Peak Rarities
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That's interesting still probably one of the lower mintages of a modern cent in recent years.
They need to get rid of the nickel and paper dollar also.
All we need are 10c, 25c, $1 coins and $5, $20, $100 bills.
Do you mean harnessed?
There would be huge ramifications to introducing steel into our coinage.
It would severely curtail or eliminate the ability of coin counting machines and vending machines to reject Canadian and other similar foreign coins.
Steel and aluminum are both not options now anyways.
Bye Bye 5c Pie
.
You can't always get what you like.
Overland Trail Collection Showcase
Dahlonega Type Set-2008 PCGS Best Exhibited Set
The irony is that 100 years ago people would gladly take the pocket full of coins over the folding money...
RIP Mom- 1932-2012
If a cent can be made for less than 5 cents then a 5c piece can be made for less than 5 cents.
As far as consumer relevance, if we follow the same rules as Canada the effect on consumers is trivial in the extreme. I believe non-cash transactions are not rounded in Canada. For me the effect would be near zero as I seldom use cash for transactions that require small change. On average the effect would be near zero for frequent cash users as well, as has been pointed out.
Would I rather have a pocket full of silver and gold or a banknote issued by my local bank? Hmmm.
Jay Leno met him on the street a few years back.
There once was this old fellow named Abe,
Who graced his presence on this thing called a cent.
Then someone appeared and said you must(Musk) go
And on his merry old way did old Abe went.
The reason the dollar bill was never redesigned...well you got the vending machine companies to thank for that!
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
No, actually the dollar bill wasn't redesigned because the low value made it a low threat of being counterfeited in any sophisticated way. This is the reason that the BEP provides for why the $1 was omitted from the redesign process.
Elimination of the cent may end up being put on the back burner again if there are more important issues for Congress to address.
Cents were struck in December 1815 but given an 1816 or 1814 date. The fire was in January 1816.
Much ado about nothing.
Wait what, so who invented lightning? Oh yeah Zeus.
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Actualy I just went to https://www.usmint.gov/about/production-sales-figures/circulating-coins-production
and looked up 2025: Trom whatI can tell The total number of Lincom Cents for 2025 is 595,400,00 (595 Million)
In 2023 the U.S. Mint made over 4.5 billion pennies. In 2024, the Mint made 3.2 billion pennies.
595/3200 is aprox .1859
So, that means 2025 coins that actually are release are about 80% scarcer than 2024.
If you add to this scarcity, the fact its the last year, and collectors being collectors, will hoard the last year of a series,its suddenly a KEY DATE. Lots of people will hoard boxes of them, and for a while that will make them sell for a slight premium.
Here's the 2024 data from the mint
2024
Denomination Denver Philadelphia Total
Lincoln Cents 245,400,000 350,000,000 595,400,000
Jefferson 5 Cents 72,240,000 84,000,000 156,240,000
Roosevelt Dimes 128,000,000 113,000,000 241,000,000
Quarter Program 99,500,000 108,550,000 208,050,000
Kennedy Half Dollars 5,600,000 5,800,000 11,400,000
Native American Dollar 1,120,000 1,960,000 3,080,000
Total 551,860,000 663,310,000 1,215,170,000
Interesting article - reference to the last date of a series, and lower than average mintage numbers:
https://www.numismaticnews.net/archive/hoarding-affected-lincolns-in-various-ways
595,400,000 does not a scarce coin make. There will be hoarding and attempted numishype-driven price gouging, but these will not be scarce. Has production even stopped yet?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
>
You neglect to take into account that we still have ~83% of 2025 yet to come. Assuming the EO is toothless and unenforceable, we are tracking right in line with 2024 production.
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
No EO is required to stop/curb 1C production, and no EO has been issued. Sec Bessent has the authority to request a halt of production on behalf of his boss.
They are indeed still pumping out the clad, and on schedule.
In Red, the Mint balance sheet will take a hit.
In Green(subsidizers for Red), the Mint balance sheet is salvaged.
But I could be wrong.
.
I hope the people who paid $$$ for a cent roll are still happy
...and how many of those cents made it out of mint and their storage facilities?
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they aren't hoarding cents every year
some of the coin delivery people might swap some old for new tho
There are reports of 2025-D's in Los Angeles, CA.
Some are getting around, and those who care, or are duped into thinking they're rare, are holding on to them.
According to all the boxes and rolls for sale on eBay I'd say a LOT!
"When they can't find anything wrong with you, they create it!"
Where do all those half dollars go?????