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 Replies: 41 / Views: 3,540 |
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Pillar of the Community
 United States
1960 Posts |
According to Reuters: Quote:
PHILADELPHIA, Nov 12 (Reuters) - U.S. Treasury Secretary Scott Bessent and Treasurer Brandon Beach will visit the Philadelphia Mint on Wednesday to oversee production of the final circulating one-cent coin or penny, each of which costs nearly 4 cents to produce, Treasury said. https://www.reuters.com/business/re...-2025-11-12/" Even a clock that's stopped is right twice a day. "
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Pillar of the Community
United States
1960 Posts |
Anyone else think cents from this "final batch" will find their way into special holders, rolls, tubes, plaques, and other tchotchkes in the weeks and months to come. . ? I can see the ads in the back of the Sunday newspaper supplements now: " Own a piece of history ! "
" Even a clock that's stopped is right twice a day. "
Edited by cptbilly
11/12/2025 3:07 pm
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Moderator
 United States
187446 Posts |
Very interesting news.  |
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New Member
United States
23 Posts |
Quote:
Anyone else think cents from this "final batch" will find their way into special holders, rolls, tubes, plaques, and other tchotchkes in the weeks and months to come. . ? I can see the ads in the back of the Sunday newspaper supplements now: " Own a piece of history ! " Exactly. Floods of PCGS Final Batch labelled holders everywhere, lol |
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Bedrock of the Community
United States
19930 Posts |
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noting that it now costs 3.69 cents to make each penny, up from 1.42 cents a decade ago. They conveniently leave off all the transportation and labor hours cost. Each cent costs the taxpayer MUCH more than 3.69 cents. Millions in diesel fuel is wasted shuttling around worthless slugs. Thousands of labor hours are also wasted each year handling and processing cents. Edited by BadThad
11/12/2025 1:56 pm
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Pillar of the Community
United States
634 Posts |
How long before all the zincolns rot away? Between rotting and hoarding we may see some pennies disappearing sooner than later.
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Moderator
United States
187446 Posts |
Quote:
Between rotting and hoarding we may see some pennies disappearing sooner than later.  |
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Pillar of the Community
United States
1960 Posts |
How long before the Mint engages with Stacks Bowers (or GC) to auction off some quantity of these final batch cents ? I can picture somebody paying 7 figures or more for one of the "Omega" privy marks, especially if they throw in the cancelled dies. . .
I won't be stunned if Treasury Secretary Bessent or Treasurer Brandon Beach present POTUS with a valuable keepsake from the proceedings. . .
Edited by cptbilly
11/13/2025 2:01 pm
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Moderator
United States
54280 Posts |
Quote:
The Philadelphia Mint produced 232 of Omega-stamped coins for the auction, one for each year the penny was produced, plus three for display at Treasury and other institutions, a source familiar with the matter said. It also produced 235 gold pennies, the source said.  Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Moderator
United States
187446 Posts |
If there is a grift, TPTB will certainly be game. |
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Pillar of the Community
United States
4587 Posts |
Quote:
They conveniently leave off all the transportation and labor hours cost. Each cent costs the taxpayer MUCH more than 3.69 cents. Millions in diesel fuel is wasted shuttling around worthless slugs. Thousands of labor hours are also wasted each year handling and processing cents. Comes from a totally different accounting system. Once the coins are monetized at the mint, the shipping to the Fed's Contracted Coin Terminals, and all shipping and handling in circulation, are funded by the fees the Fed and the Banks pay the CCTs. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Posted 11/12/2025 11:27 am
