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 Replies: 54 / Views: 4,851 |
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Valued Member
 United States
425 Posts |
https://www.newswire.com/news/what-...023-21409166Quote:News Wire Press Release - updated: Jun 7, 2021 NEW YORK, June 7, 2021 (Newswire.com) - "Find a penny, pick it up, all day long you'll have good luck." — a saying Gen Alpha will never understand the same way that Gen Zers don't know what a rotary phone is. Soon, finding a penny on the sidewalk will be about as likely as getting struck by lightning twice. The U.S. Mint announced in early April that it will stop producing pennies beginning in 2022 and will make its last batch on April 1, 2023. Don't worry—it's not a Volkswagen-level April Fool's joke. This is the real deal. And it's arguably the biggest coin news since 1857 when Congress discontinued the Half Cent, which believe it or not, people weren't thrilled about at the time. Whoop-de-do, what does it all mean, Basil? The end of the penny as we know it
Edited by SaturnD51
03/31/2022 12:55 pm
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Moderator
 United States
188990 Posts |
It looks like a large part of that linked article was lifted from the April Fools joke article... https://cashmoneylife.com/us-mint-c...-production/My guess is it was also posted as a joke. The "updated: Jun 7, 2021" tells me it was probably originally issued Apr 1, 2021.  |
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Pillar of the Community
United States
4085 Posts |
Honestly, I've had no problems buying a roll of P and D cents for a few bucks each and finding plenty of nice examples for my collection. You can also buy singles or sets of just a few on ebay, for example. My Dansco 7100 stopped in 2021 so I just let my cent collection end there but I am sure for just a few bucks I could easily get nice 2022 coins. I still buy mint uncirculated sets so I actually have all of the coins, even I don't put them in the album. |
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Rest in Peace
United States
18456 Posts |
If this was true about the cent being eliminated I'm sure we would have known about it months ago  |
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Pillar of the Community
 United States
735 Posts |
Though I saw that article awhile ago and breezed through it believing it to be true. After reading it again I would guess its just a april fools joke.. Speaking of which is tomorrow
I've been collecting for a couple years... Favorite Coin's are Standing Liberty quarters, Working on my type set | Coffee, Corvettes, Coins & the CCF what could be better? Edited by Jakes Coins
03/31/2022 2:09 pm
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Valued Member
United States
425 Posts |
I think everyone is right. The elimination of the penny is probably fake news. I am trying to search for some verification of stopping the production of the penny. I hope they don't as far as collecting goes but I am still disappointed with the metals being used. That's why I am loving this board after only a few days here. You get to hear from all sides and great input,thanks everyone who replys.
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Pillar of the Community
United States
636 Posts |
The coins from 1982 on will just rot away. Any that survive a hundred years will be rare.
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Pillar of the Community
United States
4085 Posts |
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The coins from 1982 on will just rot away. Any that survive a hundred years will be rare. All the better for those of us who have stashed away some nice red memorials and shields out of the weather. |
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Pillar of the Community
United States
3207 Posts |
Economists believe low inflation to be A Good Thing because it's not as bad as deflation, and it prompts people to buy before the prices go up. Most inflation is caused by the central bank wishing to pay for something, often military operations, without taxation or borrowing. Without periodic revaluing, all physical monetary media is a victim of inflation over time. Make the New Dollar equal to 10 old (existing) dollars, and prices will return to circa 1960, at which point the cent will be meaningful in transactions once again, at least for awhile.
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Pillar of the Community
Canada
665 Posts |
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Source please https://cashmoneylife.com/us-mint-c...-production/Was posted a year ago April 1st, 2021. I think this year, the $1 bill should be retired in favor of the $1 coin.  Don't worry though about the penny... if the US Mint ever does retire the penny if they follow the path taken by the Canadian Mint, the Penny will recur every year or two in another commemorative NCLT release... It will never truly be gone. |
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Bedrock of the Community
United States
19184 Posts |
For those interested in how may times this topic has surfaced, and how deep and varied the conversation goes, take a moment to search the coin community forum. Lots of fun material.
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Rest in Peace
United States
2668 Posts |
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They use our taxpayer money to make money. They use our taxpayer to make money. FTFY |
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Pillar of the Community
United States
1277 Posts |
@sap what population is growing exponentially? Most developed countries have birth rates less than replacement
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Moderator
United States
96832 Posts |
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Was posted a year ago April 1st, 2021 The date it was posted last year should be your first clue as to the authenticity of the data. |
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Moderator
Australia
16842 Posts |
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@sap what population is growing exponentially? Most developed countries have birth rates less than replacement ...and yet despite the low birth rates, the actual population in most of these countries continues to grow exponentially, because the countries accept immigrants from high birth-rate countries as substitutes/replacements for their own low birth rate. Very few countries actually have declining population, and these are more than outweighed by the majority of countries that maintain exponentiality. The only countries to see consistent and significant population shrinkage are countries which have seen both declining birth rates and high emigration - places like Eastern Europe. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Replies: 54 / Views: 4,851 |
First Page
Posted 03/31/2022 1:01 pm
