Coin Community Family of Web Sites
300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. FactoryPin — Custom challenge coins for military, police, and organizations. Global shipping, affordable prices, special discounts for service members!  Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer
Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Register Now! It's free!

Registering and/or logging in will remove the anchor (bottom) ads and vignette (between pages) ads.

House Introduces Common Cents Act To Cut The Penny

To participate in the forum you must log in or register.
Author Previous TopicReplies: 43 / Views: 2,742Next Topic
Page: of 3
Valued Member

United States
211 Posts
 Posted 05/01/2025  9:31 pm Show Profile   Bookmark this topic Add rlu7732 to your friends list Get a Link to this Message Number of Subscribers
Looks as if it'll be done officially vs just Executive Order.

https://mcclain.house.gov/press-rel...830D399917D4


Quote:
Today, Representatives Lisa McClain (R-Mich.) and Robert Garcia (D-Calif.), alongside Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), introduced bipartisan legislation to end the production of pennies.
Bedrock of the Community
Errers and Varietys's Avatar
United States
59626 Posts
 Posted 05/01/2025  9:34 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
Interesting. I wonder if they'll actually go through with it?
Errers and Varietys.
Pillar of the Community
cladking's Avatar
United States
2158 Posts
 Posted 05/01/2025  9:54 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Maybe Americans for Common Cents has already "lobbied" sufficiently to get the nickel and other coins made out of zinc.

There would be enough zinc in a coin the size of a nickel to kill a large dog or a 25 lb baby.

You'd think they'd name the legislation after a lobbying group?
Time don't fly, it bounds and leaps.
Edited by cladking
05/01/2025 9:55 pm
Pillar of the Community
Raised on rock's Avatar
United States
584 Posts
 Posted 05/01/2025  11:04 pm  Show Profile   Bookmark this reply Add Raised on rock to your friends list Get a Link to this Reply
Just get it done.
Pillar of the Community
Marve65's Avatar
United States
5766 Posts
 Posted 05/02/2025  01:19 am  Show Profile   Bookmark this reply Add Marve65 to your friends list Get a Link to this Reply
Well there goes them "Buy one get one for 99¢" deals!
Pillar of the Community
Alpha2814's Avatar
United States
1952 Posts
 Posted 05/02/2025  01:41 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
Nice that the bill allows the cent to continue for collectors, and the rest of the code grants flexibility to copper/zinc composition.
Valued Member
Humanist1287's Avatar
United States
279 Posts
 Posted 05/02/2025  05:25 am  Show Profile   Bookmark this reply Add Humanist1287 to your friends list Get a Link to this Reply
Yeah, if they could still make it minted only for collector's like in mint and proof sets only, similar to the Kennedy half dollar, that'd be great.
Bedrock of the Community
JimmyD's Avatar
Canada
20335 Posts
 Posted 05/02/2025  07:02 am  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
We have been without the cent in Canada since 2012 and it certainly hasn't been missed.
Seeing more and more purchases are done electronically, it can still be used.
I know that merchants like it as it is less one slot in the tills and one less denomination they have to count and sort.
We still include the cent which is made of copper in our proof and mint sets.
Bedrock of the Community
Learn More...
Hondo Boguss's Avatar
United States
18690 Posts
 Posted 05/02/2025  07:43 am  Show Profile   Bookmark this reply Add Hondo Boguss to your friends list Get a Link to this Reply
The cent should have been discontinued in 1982 instead of inflicting the numismatic horror of the zincoln on us.
Inordinately fascinated by bits of metal with strange markings and figures
Pillar of the Community
Learn More...
mysilveryears's Avatar
United States
1809 Posts
 Posted 05/02/2025  08:47 am  Show Profile   Bookmark this reply Add mysilveryears to your friends list Get a Link to this Reply
Zincolns are indeed a horror. This eliminate-the-cent controversy imho is never
going to be resolved to everyone's satisfaction.
When/if the penny is *finally* discontinued, will the law that prohibits private
melting/recycling also be eliminated? We can only hope.
Pillar of the Community
cladking's Avatar
United States
2158 Posts
 Posted 05/02/2025  09:11 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
The FED will eventually gather up the pennies and melt whatever comes back. The longer they take to start the process the fewer that will come back. They'll be lucky to get 20% of the coins in circulation which is 5% of the mintage. Zinc will be returned more than the copper so they'll only get about about a couple billion coppers. One the pipeline to the refiners is filled they'll lift the ban on melting pennies.

Don't expect to get rich hording pennies because they will not be rare after the melting is done. Countless billions will still exist. These coins will be in abysmal condition and they'll get worse every year because of poor storage. Don't do it right after you eat but look at a handful of pennies and you'll see corrosion, spotting, culls, damage. and wear. Virtually every coin is awful and some years every coin is spotted before it even left the mint. I've seen a few nice coins in '24.

Even if millions of people wanted to make sets of the old cents from circulation there would be ample supply of corroded ugly coins.
Time don't fly, it bounds and leaps.
Moderator
Learn More...
jbuck's Avatar
United States
164176 Posts
 Posted 05/02/2025  09:39 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
A bipartisan bill in both chambers plus an executive willing to sign it? This is a slam dunk.
Pillar of the Community
jpsned's Avatar
United States
2027 Posts
 Posted 05/02/2025  11:12 am  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply

Quote:
The cent should have been discontinued in 1982 instead of inflicting the numismatic horror of the zincoln on us.


Pillar of the Community
jpsned's Avatar
United States
2027 Posts
 Posted 05/02/2025  11:13 am  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
So how will kids buy penny candy anymore?
Moderator
Learn More...
jbuck's Avatar
United States
164176 Posts
 Posted 05/02/2025  11:17 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
So how will kids buy penny candy anymore?
Penny candy? Where?

I have seen anything sell for less than a quarter in years.
Bedrock of the Community
BadThad's Avatar
United States
19675 Posts
 Posted 05/02/2025  3:13 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
So how will kids buy penny candy anymore?


Nothing exists for sale at one cent anymore. If they were to, they'll just use mommies card since about 90% of transactions are now electronic.
Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
https://verdi.care/
  Previous TopicReplies: 43 / Views: 2,742Next Topic
Page: of 3

To participate in the forum you must log in or register.



    





Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2025 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2025 Coin Community Forums
It took 0.39 seconds to rattle this change. Forums