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

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 Posted 09/26/2021  3:09 pm  Show Profile   Check captainrich's eBay Listings Bookmark this reply Add captainrich to your friends list Get a Link to this Reply
Even if the US Mint were to stop making cents for circulation, they would still be included in the annual mint sets and proof sets indefinitely, just like the half dollars.
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 Posted 09/26/2021  7:12 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
This is wishful thinking or an assumption, which like the original claim, has no basis in fact.


Quote:
Even if the US Mint were to stop making cents for circulation, they would still be included in the annual mint sets and proof sets indefinitely, just like the half dollars.


As long as the Fed keeps ordering cents, the mint will likely keep making them as the Mint's job is to keep its largest customer happy. It would likely take coordinated action to stop production.
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 Posted 09/26/2021  7:30 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
They should, if they ever really quit making them, do 24k gold proof Lincoln cents in all the versions previously minted: Wheat, Memorial and Shield. What a way to close it out!
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 Posted 09/27/2021  12:38 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
So there is nothing in law preventing the secretary of the treasury from deciding to stop making cents
The right choice.


Quote:
or making them of any alternate composition of copper and zinc they want. Plastic would require a change in the law.
Neither would do any good. "Free Material" would still be a loss. Plastic play pennies from China are four dollars per 100.



Quote:
Even if the US Mint were to stop making cents for circulation, they would still be included in the annual mint sets and proof sets indefinitely...
If they knew what was good for them, the would be bronze as well.



Quote:
As long as the Fed keeps ordering cents, the mint will likely keep making them as the Mint's job is to keep its largest customer happy.
The Secretary could say no and the Fed would be like, "Whatevs."
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