How long until the pennies are gone?
ACE23
Posts: 46 ✭
How long will the pennies be in circulation before gone?
0
ACE23
Posts: 46 ✭
Comments
There are no pennies in circulation.
I believe the penny will be around for many years after being minted.
Wally-world started round up/down at the self checkout while using cash.
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I know the banks have been limiting boxes of pennies you can get (If anything other than a few rolls at a time).
A lot of them would be gone once the government allowed the melting of the pre 1982 copper issues.
There are 300 billion currently in circulation, they won't be gone anytime soon. RGDS!
The whole worlds off its rocker, buy Gold™.
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Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I'm seeing more of this and
Less of the cent as well
STOP IT, the US Mint called them pennies, you'll never win
They will remain in circulation until vendors refuse to accept them. Who knows when that will be.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
This topic makes no cents
USN & USAF retired 1971-1993
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I rolled up about ten rolls today and found 7 2025 D and 3 2025.
Were any unspotted?
Do you really think anyone knows the answer to that question?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yup. Ez blue Whitman 66 nice coins odd thing is I’m 45 miles from Philly and hardly ever see fresh Denver coins. I had to get my daughter to bring me some rolls when she visited from Hawaii to find the ones I couldn’t find here.
I know the answer but I'm not telling
All comments reflect the opinion of the author, even when irrefutably accurate.
If the Big Y can call it a Penny, surely you can! 🤣 🤣
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Not to mention the US Mint.
All comments reflect the opinion of the author, even when irrefutably accurate.
Makes no pennies too.
Lately I've been wondering how long it will be before the general public forgets the coin existed like with the obsolete odd types such as the 2 Cents, 3 cent pieces, etc
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Define "gone".
"No longer seen in change or given out in stores"? Probably weeks.
"No longer accepted by stores in change? That would take longer, and may depend on whatever form of further legislation is written to euthanize the cent. But if no such legislation is forthcoming and as long as they remain legal tender and banks continue to accept them in deposits, stores will probably continue to accept them indefinitely - even if the cash register slot that used to be dedicated to them is now used for some other coin. They will become less and less frequent, even in stores and localities where cash transactions remain commonplace, but probably won;t disappear completely.
No longer findable in bulk at all, under any circumstances? Even longer yet - though the American situation is rather unique in having their 1 cent coins made of something so chemically unstable that they basically dissolve in rainwater and spontaneously self-destruct in air; this tendency to corrode and crumble into dust will seriously impact survival rates going forwards, compared to similarly common coins made from more durable alloys. I strongly believe that archaeologists in 2000 years time will sincerely believe that America stopped making pennies in 1982, because there will be no surviving evidence to the contrary.
One could perhaps look to examples from other countries to guess what might happen to America pennies, but the processes that other countries use to withdraw obsolete coins are unlikely to be followed by America, simply because this hasn't happened in the past.
In Canada, cents effectively disappeared from public view within a couple of weeks after the formal withdrawal. But in Canada, banks are obligated to return obsolete coins to the Mint for reprocessing, rather than re-issue them, so any cents entering the Canadian banking system are permanently and deliberately destroyed.
In Australia the 1 and 2 cent coins were withdrawn in 1992 and disappeared virtually overnight. National legislation was implemented directing people to use "Swedish rounding" i.e. transaction totals adding up to figures ending in 1, 2, 6 or 7 are rounded down, while 3, 4, 8 and 9 are rounded up. The coins are likewise still legal tender. New Zealand did much the same process in 1990, with similar results, and those coins are no longer legal tender.
The Eurozone is complicated by the fact that there technically isn't just "one euro currency", but over a dozen; each member-state issues its own euro coins, and each member-state is free to decide if 1 and 2 cent coins will be issued for circulation; national laws tend to mandate (or at least strongly suggest) Swedish rounding in countries where 1 and 2 cent coins do not circulate, but there is no consistent eurozone-wide policy.
Roman emperor Marcus Aurelius, "Meditations"
Apparently I have been awarded the DPOTD twice.
USM will prolly start minting them for “collectors only”, like the Kennedy Half and make some money on the premiums. They’re still minting the Kennedy for collectors. I just can’t see them retiring Abe.
……next Thursday at 10:30 AM. (You asked)
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Half an hour later, coin shops across the country will start getting phone calls asking about this rare coin the caller just found. And if they found it in a parking lot, they'll want to know how valuable the errors on it are.
All I collect are cents. I have no plans to liquidate 😉
Empty Nest Collection
Example. If a charge comes to say $5.55 business won't accept 2 quarters and 5 cents/pennies? If they will not accept 5 cents in cents where will the rounding take place? Down to 0 or up to .10?
they'll take your cents
I tell everyone who asks me about the end of the cent, that if they don’t have a hoard, the future will leave them penniless.
They'll likely take cents, but in your example there's no need to round. You give them 60 cents or another dollar and they can make change with a nickel.
All comments reflect the opinion of the author, even when irrefutably accurate.
Were any unspotted?
>
Some years they're all spotted. I've seen only a few this year but they were a little better than some recent years.
Zincolns are funny. It can be really hard to find them well made, unspotted, and with the plating intact but when you do they seem to be as stable as the o0lder memorials. Most of the rolls that disintegrate, I believe, had plating issues.
I think it was '21 where almost every new cent I saw was spotted, but it's been a common problem for years.
I got some with and with out spots as well, not much ya can do...