| Author |
 Replies: 177 / Views: 17,825 |
|
|
|
Pillar of the Community
United States
2003 Posts |
Does this article suggest that the mint no longer rolls and produces it's own flans but instead outsources production of blanks and if so have they done so with all coin denominations. I recall old school rolling the metal and punching out blanks. Does the mint no longer do this?
|
|
Pillar of the Community
United States
1748 Posts |
The mint outsources the copper plated zinc blanks since the 1982 switchover, Mr T. It also outsources the blanks for the ASE's. Last I knew it was Sunshine Minting in Idaho. |
|
Moderator
 United States
188080 Posts |
|
|
Pillar of the Community
United States
2003 Posts |
Thanks for the info. I had a suspicion that the bullion blanks were outsourced but had no idea of the cent blanks. So I suppose the videos of the mint storing pallets of gold and silver bars in a caged area is obsolete at this point.
|
|
Valued Member
United States
287 Posts |
I hear that production may continue into early 2026 based off existing inventory. If this is the case, do you think those cents will be dated as such, or do you think all remaining cents produced will be dated 2025 to avoid creating a scarce variety?
YGP
|
|
Moderator
United States
188080 Posts |
If I recall correctly, freezing the date would require congressional action. Perhaps they did plan ahead to have enough blanks to mint special circulating cents for the 2026 Semiquincentennial/Sestercentennial.  |
|
New Member
United States
1 Posts |
Hi everyone! I'm Alice Tecotzky, a reporter at Business Insider who wrote about the penny today https://www.businessinsider.com/tre...-doge-2025-5. I'm hoping to talk to coin collectors about their reaction to the news and their plans moving forward. Feel free to email me at atecotzky at insider dot com or reach me on Signal at alicetecotzky.05. I hope to hear from some of you soon! |
|
Moderator
United States
188080 Posts |
 to the Community, Alice! |
|
Pillar of the Community
United States
2271 Posts |
Quote:Hi everyone! I'm Alice Tecotzky, a reporter at Business Insider who wrote about the penny today ( https://www.businessinsider.com/tre...oge-2025-5). I'm hoping to talk to coin collectors about their reaction to the news and their plans moving forward. Feel free to email me at atecotzky@insider.com or reach me on Signal at alicetecotzky.05. I hope to hear from some of you soon! The penny has been a symbol of waste and greed in this country since at least 1982. Now I fear that waste and greed will produce a highly toxic nickel with enough zinc in it to kill toddlers and animals up to about 30 pounds. We've lost billions of dollars not only to producing worthless coins to enrich a few but also to the costs of handling and using the coins but also to the fact that the penny displaced the dollar coin that would have saved many millions of dollars. Time don't fly, it bounds and leaps.
|
|
Valued Member
United States
366 Posts |
It seems like I am going to be a lone voice in the wilderness, but I truly believe we should keep the penny. Maybe not for circulation, but at least as NIFC mintages similar to the Half Dollars.
For me, it's deeply personal - Lincoln Cents were my introduction to coin collecting, steelies to be exact, a hobby that has brought me so much joy.
The idea of discontinuing them makes me sad, thinking about how a new generation might miss out on that accessible and nostalgic starting point.
Beyond that, I worry it's a slippery slope, pushing us further away from physical currency and fundamentally altering the landscape of coin collecting as we know it.
|
|
Pillar of the Community
United States
3468 Posts |
Quote:
So I suppose the videos of the mint storing pallets of gold and silver bars in a caged area is obsolete at this point. No, West Point will continue to serve as both a storage facility for bullion (silver, gold, and platinum) and a minting facility. |
|
Pillar of the Community
United States
2271 Posts |
Quote:
It seems like I am going to be a lone voice in the wilderness, but I truly believe we should keep the penny. Maybe not for circulation, but at least as NIFC mintages similar to the Half Dollars.
For me, it's deeply personal - Lincoln Cents were my introduction to coin collecting, steelies to be exact, a hobby that has brought me so much joy.
The idea of discontinuing them makes me sad, thinking about how a new generation might miss out on that accessible and nostalgic starting point.
Beyond that, I worry it's a slippery slope, pushing us further away from physical currency and fundamentally altering the landscape of coin collecting as we know it. I certainly understand but time marches on. Congress has destroyed the value of a penny by deficit spending and there's no way back. The very existence of the penny long after it's useful life has contributed to this destruction. Vote for leaders who aren't beholden to the likes of "Americans for Common Cents" if you don't want the same thing to happen to the quarter or the dollar. The elimination of the penny from circulation might have the opposite effect you fear; it might finally make memorial and later cents far more collectible. As is even the scarcer memorial Gems and varieties attract very little interest. Nobody even seems to notice some dates like the '68, '79-D, and '84 are much scarcer in nice condition. Maybe if collectors start collections of them it will quickly become apparent. Time don't fly, it bounds and leaps.
|
|
Moderator
United States
188080 Posts |
Quote:
Maybe not for circulation, but at least as NIFC mintages similar to the Half Dollars. This. And only this.  For circulation? No way. The cent is long past its expiration date.  Quote:
Beyond that, I worry it's a slippery slope, pushing us further away from physical currency and fundamentally altering the landscape of coin collecting as we know it. This is inevitable. We cannot stop it. The bright side is we will probably not live to see it.  |
|
Moderator
United States
188080 Posts |
Quote:
The elimination of the penny from circulation might have the opposite effect you fear; it might finally make memorial and later cents far more collectible.  |
|
Bedrock of the Community
United States
10504 Posts |
Is the nickel next? If getting rid of the cent was viewed as a cost cutting measure then the nickel should also fall into that category!
|
| |
Replies: 177 / Views: 17,825 |
First Page
Posted 05/22/2025 3:12 pm
