How long until the pennies are gone?
ACE23
Posts: 46 ✭
How long will the pennies be in circulation before gone?
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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™.
BOOMIN!™
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...
There are so many cents in circulation and cash transactions are becoming much rarer than they ever will be. They'll continue to be with us long after us. Putting pennies on our corpses' eyes will hardly be a numismatic event of any importance.
Around here, they'll take the pennies, they just won't pay them out anymore.
Expect to see them given out at Halloween for decades.
Definitely keep the 95% !
COPPER is gutter !
If everyone hoarding them cashed in, there would be enough for forever.
Already gone in my midwestern town. Just happened in the short time since all that media hype from the mint.
Because S&P 500 funds don't go up faster...? While you've been holding your cents for 20 years waiting to get 3 cents, my cents went into a mutual fund and are now worth 4 cents.
All comments reflect the opinion of the author, even when irrefutably accurate.
Occasionally they still strike Kennedy halves for circulation also.
__> @jmlanzaf said:
You lost me. I have plenty of investment categories checked off for that stuff. LOL the copper pennies ... its called a _ HOBBY_
Just in case....
hob·by1
/ˈhäbē/
noun
1.
an activity done regularly in one's leisure time for pleasure.
"his hobbies included hoarding 95% copper pennies"
COPPER is gutter !
Do they? Or do they just release the extras into circulation?> @softparade said:
Lol.
You said "definitely keep the 95%", not "I like to collect the 95%". I just pointed out the opportunity cost involved.
I certainly hope your hoard makes you happy. As you may know, I'm a firm believer that all coin purchases should be considered to have zero long-term value and be strictly a hobby purchase.
All comments reflect the opinion of the author, even when irrefutably accurate.
Makes cents to me.
I’m under 30, and before working in this industry I had no clue that any denominations existed beyond the standard 1¢, 5¢, 10¢, 25¢, 50¢, and $1. I’d heard of the larger banknotes like the $1,000 and $10,000 bills, but when it came to coins, I went 23 years without knowing any of the obscure denominations. I bet if you asked anyone under 25 years old(outside the coin industry) about any other denomination other than what we have currently they would not no.
Every copper penny I have came back to me in change since I started handling money circa 1976 or so through today. I don't roll search lolz it's just part of the overall experience. What evs
COPPER is gutter !
In 2021 and 2022 they struck 5 to 7 million Kennedy halves per year from each mint.
The following year mintages ramped up much higher - 30.2 million 2023-P and 27.8 million 2023-D.
For 2024 the mintages were 15.7 million Philly and 21.9 million Denver.
So far in 2025 the mintages are 11.2 million Philly and 12 million Denver.
Cents will disappear from circulation but they will exist FOREVER in sock drawers, jewelry boxes, in closets and under beds just as pre-‘65 silver, 1921 Morgans and silver certificates do to this day.
About 80% of every one cent coin ever produced by the US mint is already gone.
I can't imagine obsolescence won't dramatically increase the attrition rate. They'll just be thrown in the trash. Of course millions will survive but almost every single one of them that isn't in a collection or separated into hordes is ugly junk and always highly susceptible to being discarded.
The attrition of circulation is gone but so too are the new mintages. What is the average person going to do with a few pennies in the bottom of a drawer they're cleaning going to do with them in five years?
These coins are simply toast and the irony is there will be a tiny fraction as many 1968 pennies in ten years than there are 1919-S. 30% of the '19-S mintage will survive but a fraction of 1% of the 1968. Nothing can stop it because most of the 1968's are already gone and the millions that still exist today have a date with a crucible.
Time marches on and it doesn't care about your politics or religion. It doesn't even care what theory says.
So you're saying check out 68's?
COPPER is gutter !
68 was a crappy year, the last year of the 1916 hub. They should have created a new obverse hub in 1959 when they changed the reverse.
@softparade -
This copper wouldn't last overnight in my neighborhood. It would be gone by the morning!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )