Cent/Penny is the coin world's version of "clip vs magazine"
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
@Gothat3rs said:
I keep hearing and reading that pennies will not be made after 2026. If this is the case what everyone's take on there value? Will the cost of rare examples go up because of this?
Not to shock you or anything...maybe you should sit down for this but the US Mint has never produced pennies. I could understand a little intrigue or surprise in the late 1700s, but not in 2025.
If the mint calls them pennies that's good enough for me.
Charmy,The Penny Lady, calls them pennies so that's good enough for me.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
@Gothat3rs said:
I keep hearing and reading that pennies will not be made after 2026. If this is the case what everyone's take on there value? Will the cost of rare examples go up because of this?
Not to shock you or anything...maybe you should sit down for this but the US Mint has never produced pennies. I could understand a little intrigue or surprise in the late 1700s, but not in 2025.
If the mint calls them pennies that's good enough for me.
Charmy,The Penny Lady, calls them pennies so that's good enough for me.
Based on some of the posts to this thread, perhaps Charmy should change her company name to The Cent Lady (and call pennies “cents”). 😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Gothat3rs said:
I keep hearing and reading that pennies will not be made after 2026. If this is the case what everyone's take on there value? Will the cost of rare examples go up because of this?
Not to shock you or anything...maybe you should sit down for this but the US Mint has never produced pennies. I could understand a little intrigue or surprise in the late 1700s, but not in 2025.
If the mint calls them pennies that's good enough for me.
Charmy,The Penny Lady, calls them pennies so that's good enough for me.
Based on some of the posts to this thread, perhaps Charmy should change her company name to The Cent Lady (and call pennies “cents”). 😉
@Gothat3rs said:
I keep hearing and reading that pennies will not be made after 2026. If this is the case what everyone's take on there value? Will the cost of rare examples go up because of this?
Not to shock you or anything...maybe you should sit down for this but the US Mint has never produced pennies. I could understand a little intrigue or surprise in the late 1700s, but not in 2025.
If the mint calls them pennies that's good enough for me.
Charmy,The Penny Lady, calls them pennies so that's good enough for me.
Based on some of the posts to this thread, perhaps Charmy should change her company name to The Cent Lady (and call pennies “cents”). 😉
Penny for your thoughts
All comments reflect the opinion of the author, evn when irrefutably accurate.
@Sapyx said:
Evidence from other countries which have recently abolished their lower denominations of coins: no, it does not cause an immediate surge in value for "rarities". There might be a short-term price spike for the more common coins, as everyone rushes to "complete their set before it's too late", but once everyone's done that and the new cent-less reality sets in, no-one will think about them any more. Long term, I would expect to see a reduction in value as the current generation of penny-mad collectors die out and aren't replaced: supply stays the same but demand drops, leading to an inevitable decline in value.
Excellent point but I don't think it's so cut and dried. Most countries didn't have coins that everyone stopped collecting suddenly. When they did it did not apply to the smallest denominations and then all those coins that weren't collected got a big boost (except the smallest denominations which are almost invariably saved in substantial quantities and quality).
We have a unique situation here. People quit collecting US coins after 1965 and this very much applies to one cent coins as well. Yes, due to the the low denomination there were still many set aside each year but most of these coins were very low quality, have already tarnished, and have a very spotty supply with hundreds of thousands of rolls of some dates and very few of others. There are no collections to supply quality coins so all we have for supply is BU rolls and mint sets. Some dates are very elusive in nice pristine condition from either of these sources. Even a little bit of "people completing their sets" will show some dates are not readily available in nice condition. But more importantly there are so few of these sets in existence any nominal increase in set building is a large percentage increase in demand.
I can hardly imagine the effect of dozens or even hundreds of people rushing out to buy 1968 cents in MS-65. There is no market and slabbed coins are so far out of the money there is no market for these either. Retail price guides list these for $1 but actually getting one will prove quite challenging. Even being willing to pay more won't be helpful unless you pay up for an in the money slab. People forget that _"a $1 modern can't be sold until it's slabbed so is a $19 liability rather than a 1c or $1 asset". _
To put this more simply there has been no significant percentage increase in the demand for low denomination coins in other countries when they were eliminated. The potential in the US is for a stunning percentage increase because there are so few who actually collect pennies made after 1958.
Disagree. Your argument boils down to: is going to be different this time.
More accurately I'm saying you can't add apples and oranges then multiply by goose eggs.
Coins were never widely collected in most countries until after the onset of the modern age but low denomination coins were set aside anyway. Most US moderns were very weakly saved or collected and this applies to some pennies as well. Even a small uptick in demand would show how scarce some of these coins are in nice condition.
The fact that every situation is different shows there's nothing new under the sun.
If you want a taste for how rare these coins are just try to find a 1984-P with nice flat surfaces, no carbon spots, well struck, no blisters, and well struck by a serviceable die. I'm not talking about an MS-68 just a MS-65; a nice Gem. I wager you can't find one. They didn't have the kinks worked out of the new planchets and virtually every specimen is blistered. And almost all the others have carbon spotting and marking. The date tends to be well struck but most are not. Most dies have wavy surfaces.
You can check mint sets but only about 1: 500 is even close to being Gem. This leaves rolls but these are often just powder because they didn't have the kinks worked out of the new planchets. Frankly rolls might be the way to go because you could find many examples if you could find one but I've checked dozens of rolls and never found anything even close.
If you want a nice matched pair of Gem '09-S VDB and '84-P cents you might be surprised which one is harder to find. And the later cent lists for thirty cents retail so it won't break the bank.
@cladking said:
Frankly rolls might be the way to go because you could find many examples if you could find one but I've checked dozens of rolls and never found anything even close.
This is one of the hardest rolls to find too because it was overlooked AND because since the planchets were bad most of the coins looked bad and fewer were set aside. Then throw in the fact that many have returned to dust through corrosion and it's a tough date to put your hands on. Nobody really wants this date because most rolls even including those that aren't tarnished will not have a single nice coin. Despite the lack of supply and lack of demand it's still an $8 roll. If you don't mind a few problems like blisters, carbon spots, and poor dies then you can find chBU's in mint sets pretty readily. There are nearly a million of these left and a lot of the pennies will be almost free of scratches.
It's hard to imagine that a matching coin for a Gem '09-S VDB is scarcer and goes for 14c wholesale but this time maybe it really is different!
Comments
I still see the word “pennies” on the cover.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Excellent
All comments reflect the opinion of the author, evn when irrefutably accurate.
Clearly it's a book about British coppers in colonial America...
All comments reflect the opinion of the author, evn when irrefutably accurate.
Cent/Penny is the coin world's version of "clip vs magazine"
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
Nighttime TV coin sales guy is getting 40x face plus shipping on his special stickers applied 2025 P & D two coin rolls:
Charmy,The Penny Lady, calls them pennies so that's good enough for me.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
Based on some of the posts to this thread, perhaps Charmy should change her company name to The Cent Lady (and call pennies “cents”). 😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
we did we have pennies to be able to say no more pennies?
Never the place I would go to determine market value. > @MFeld said:
Penny for your thoughts
All comments reflect the opinion of the author, evn when irrefutably accurate.
More accurately I'm saying you can't add apples and oranges then multiply by goose eggs.
Coins were never widely collected in most countries until after the onset of the modern age but low denomination coins were set aside anyway. Most US moderns were very weakly saved or collected and this applies to some pennies as well. Even a small uptick in demand would show how scarce some of these coins are in nice condition.
The fact that every situation is different shows there's nothing new under the sun.
If you want a taste for how rare these coins are just try to find a 1984-P with nice flat surfaces, no carbon spots, well struck, no blisters, and well struck by a serviceable die. I'm not talking about an MS-68 just a MS-65; a nice Gem. I wager you can't find one. They didn't have the kinks worked out of the new planchets and virtually every specimen is blistered. And almost all the others have carbon spotting and marking. The date tends to be well struck but most are not. Most dies have wavy surfaces.
You can check mint sets but only about 1: 500 is even close to being Gem. This leaves rolls but these are often just powder because they didn't have the kinks worked out of the new planchets. Frankly rolls might be the way to go because you could find many examples if you could find one but I've checked dozens of rolls and never found anything even close.
If you want a nice matched pair of Gem '09-S VDB and '84-P cents you might be surprised which one is harder to find. And the later cent lists for thirty cents retail so it won't break the bank.
This is one of the hardest rolls to find too because it was overlooked AND because since the planchets were bad most of the coins looked bad and fewer were set aside. Then throw in the fact that many have returned to dust through corrosion and it's a tough date to put your hands on. Nobody really wants this date because most rolls even including those that aren't tarnished will not have a single nice coin. Despite the lack of supply and lack of demand it's still an $8 roll. If you don't mind a few problems like blisters, carbon spots, and poor dies then you can find chBU's in mint sets pretty readily. There are nearly a million of these left and a lot of the pennies will be almost free of scratches.
It's hard to imagine that a matching coin for a Gem '09-S VDB is scarcer and goes for 14c wholesale but this time maybe it really is different!
I'm in good shape. I have 2 full sets (well I stopped in 2021, I was done with pennies/cents whatever the new name is this week).
And a FE and IHC completed set.
If you really want to keep on collecting, you can always go to Canadian coins
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins