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The Death Of The Penny - US Mint To Cease Penny Production In 2023

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Pillar of the Community
United States
3386 Posts
 Posted 09/23/2021  10:11 pm Show Profile   Bookmark this topic Add Dearborn to your friends list Get a Link to this Message
The end is Nie!!! no more Lincoln Cents!

https://cashmoneylife.com/us-mint-c...-production/
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United States
61662 Posts
 Posted 09/23/2021  10:26 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
What a scoop, thanks!
Edited by Coinfrog
09/23/2021 10:36 pm
Pillar of the Community
United States
1940 Posts
 Posted 09/23/2021  10:42 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
Ahhhhh....no. I don't trust the source. Story from April and none others?
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United States
61662 Posts
 Posted 09/23/2021  10:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
C'mon Dearborn.
Pillar of the Community
United States
6074 Posts
 Posted 09/23/2021  11:03 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
This makes no sense. The source does not appear to be credible.

Until the US Treasury, or the mint, makes an announcement it ain't gonna end production of cents.

Pillar of the Community
United States
3552 Posts
 Posted 09/23/2021  11:07 pm  Show Profile   Check Tanman2001's eBay Listings Bookmark this reply Add Tanman2001 to your friends list Get a Link to this Reply
Not people falling for an April Fool's joke in September!

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United States
9999 Posts
 Posted 09/23/2021  11:08 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I wish ~ but the article looks like an April Fools day joke and dated as such.
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Valued Member
United States
393 Posts
 Posted 09/23/2021  11:45 pm  Show Profile   Check jacrispies's eBay Listings Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
I almost fell for it
Pillar of the Community
United States
863 Posts
 Posted 09/24/2021  12:09 am  Show Profile   Bookmark this reply Add JasonKflo to your friends list Get a Link to this Reply
They need to , cost more than they are worth. Literally .
Same with Nickels .
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Australia
19128 Posts
 Posted 09/24/2021  01:14 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The U.S. Mint's decision to cease production is in common with similar decisions for lowest face value coins around the World. I guess somewhat expected.
Actually, I think that lots of Americans would be glad to seem them go anyway. Unfortunately, CRH'ers are in the minority.

If not,
why can't they continue production with injection molded plastic Cents?
Plastic banknotes have been in wide scale circulation around the World for more than 15 years.

How about Nickels in Cu-Ni plated copper? This proposition would be reinforced if it becomes the lowest face value circulating coin.
(size problem with the Quarter? - don't worry about it...
Australian $2 coin is smaller than $1 coin, and the Public has no problems.)

Alternatively, could be made out of bronze to distinguish it from Dimes and Quarters.
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United States
3238 Posts
 Posted 09/24/2021  06:39 am  Show Profile   Check Yokozuna's eBay Listings Bookmark this reply Add Yokozuna to your friends list Get a Link to this Reply
Yep. April Fool's joke.


Quote:
Penny Fun Facts:
It costs more than 1 cent to make a penny - Snopes.
It is illegal to melt US coins to sell for scrap metal - US Mint.
Composition of the US Penny - US Mint.
Penny Specifications - US Mint.
US Penny - Wikipedia.
Efforts to eliminate the US Penny - Wikipedia.
A Penny Saved is Worth More Than a Penny Earned - Cash Money Life.
$$$ And if you haven't figured it out by now - Happy April Fools Day!


Quote:
Disclaimer: No pennies were harmed in the writing of this blog article. All facts, figures, and other information were made up on the spot or carefully edited for effect, except for the Penny Fun Facts, which lead to legitimate sources of information.
ANA Member ID: 3203813 - CONECA Member ID: N-5637
"Shine, shine a Roosevelt dime. All the way to Baltimore and runnin' out of time." Tom Waits-Clap Hands



Edited by Yokozuna
09/24/2021 06:42 am
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Canada
12039 Posts
 Posted 09/24/2021  06:47 am  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
And here I thought the US was finally going to get caught up to Canada
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United States
104945 Posts
 Posted 09/24/2021  10:25 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I knew it was the April Fools' link before I even clicked on the topic.

That page keeps getting the date bumped to make it more current, but it is old...

http://goccf.com/t/294772#2509409
http://goccf.com/t/339662
http://goccf.com/t/379354#3253039
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United States
15982 Posts
 Posted 09/24/2021  6:01 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I started to figure out how I will try to buy 5 boxes each of 2022 & 2023 OBW rolls of the last Lincoln Cents .

In Memory of Butch L.
and Jim U. rest in peace .
Pillar of the Community
United States
1577 Posts
 Posted 09/25/2021  11:40 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Too bad it is an April Fools joke, otherwise we should immediately start hoarding pennies as the numismatic value of those undoubtedly will skyrocket.
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United States
3556 Posts
 Posted 09/26/2021  10:30 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
On a practical note, the US Mint doesn't make the decision, it's the Secretary of the Treasury.

31 U.S. Code § 5131 - https://www.law.cornell.edu/uscode/text/31/5131

Quote:
(b)The Secretary of the Treasury shall carry out duties and powers related to refining and assaying bullion, minting coins, striking medals, and numismatic items at the mints.


31 U.S. Code § 5111
https://www.law.cornell.edu/uscode/text/31/5111

Quote:
(a)The Secretary of the Treasury—
(1)shall mint and issue coins described in section 5112 of this title in amounts the Secretary decides are necessary to meet the needs of the United States;


31 U.S. Code § 5112
(note that SHALL means have to, MAY allows choices)


Quote:
(a)The Secretary of the Treasury may mint and issue only the following coins:
...
(6)except as provided under subsection (c) of this section, a one-cent coin that is 0.75 inch in diameter and weighs 3.11 grams.


and


Quote:
(c)The Secretary may prescribe the weight and the composition of copper and zinc in the alloy of the one-cent coin that the Secretary decides are appropriate when the Secretary decides that a different weight and alloy of copper and zinc are necessary to ensure an adequate supply of one-cent coins to meet the needs of the United States.


(so note that Congress didn't change the composition of the cent to the hated ZLincolns, they allowed the Secretary to do so)

Finally, as long as I'm poking at 31 USC 5112,


Quote:
(b)The half dollar, quarter dollar, and dime coins are clad coins with 3 layers of metal. The 2 identical outer layers are an alloy of 75 percent copper and 25 percent nickel. The inner layer is copper. The outer layers are metallurgically bonded to the inner layer and weigh at least 30 percent of the weight of the coin. The dollar coin shall be golden in color, have a distinctive edge, have tactile and visual features that make the denomination of the coin readily discernible, be minted and fabricated in the United States, and have similar metallic, anti-counterfeiting properties as United States coinage in circulation on the date of enactment of the United States $1 Coin Act of 1997. The 5-cent coin is an alloy of 75 percent copper and 25 percent nickel. In minting 5-cent coins, the Secretary shall use bars that vary not more than 2.5 percent from the percent of nickel required. Except as provided under subsection (c) of this section, the one-cent coin is an alloy of 95 percent copper and 5 percent zinc. In minting gold coins, the Secretary shall use alloys that vary not more than 0.1 percent from the percent of gold required. The specifications for alloys are by weight.



So there is nothing in law preventing the secretary of the treasury from deciding to stop making cents, or making them of any alternate composition of copper and zinc they want. Plastic would require a change in the law.

-----Burton
47 year / Life ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, OnLinw Coin Club
Owned by four cats and a wife of 37 years (joined 1983)
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