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 Replies: 50 / Views: 5,733 |
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Pillar of the Community
United States
579 Posts |
Is the US mints last penny 2022 or 2023?
I read there will be a penny collection by mints for melting.
Proceeds go to government debt elimination. Is all this true?
If so, should we be hoarding or eliminating our personal pennies?
*** Moved by Staff to a more appropriate forum. ***
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Bedrock of the Community
United States
19120 Posts |
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Bedrock of the Community
United States
20753 Posts |
It is a shame but true. The Penny is a waste and soon to be abandoned.
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Bedrock of the Community
United States
19120 Posts |
How soon remains the question.
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Moderator
 United States
187702 Posts |
Been a waste going on 20 to 40 years depending on your metric.  I long for a day when the cent is only available in proof and uncirculated mint sets using the original bronze composition.  |
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Pillar of the Community
 United States
579 Posts |
Thanks |
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Rest in Peace
United States
18456 Posts |
Quote:
I long for a day when the cent is only available in proof and uncirculated mint sets using the original bronze composition. I like the thought of proof only 95% copper Lincolns but not in Uncirculated Mint Sets .  |
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Moderator
United States
187702 Posts |
Quote:
I like the thought of proof only 95% copper Lincolns but not in Uncirculated Mint Sets . My album holes respectfully disagree.  |
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Pillar of the Community
 United States
4588 Posts |
Untrue. The origin of that story is an April Fools joke.
-----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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Pillar of the Community
United States
1613 Posts |
I agree JBuck, with a 100% copper version for the proof set. I've felt, and replied to many similar "end the cent" posts, that the denomination will not cease to be struck, just not for general circulation. Happened with the Kennedy half. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Pillar of the Community
United States
2003 Posts |
Doubt it will ever happen. When retailers play the game of .99 it makes your mind think of the lower number rather than the higher number (ie: $5.99 leaves the impression of $5 rather than $6) As long as retailers use this sales gimmick, there will be the need for the one cent coin unless everything goes to digital or plastic only. I rue the day when bitcoin or credit card states "for all debts public and private" and eliminate I.G.W.T. and LIBERTY.
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Moderator
United States
187702 Posts |
Remember, the cent can physically go away and still exist digitally for the vast majority of transactions that are done without cash. Rouding works for cash. |
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Rest in Peace
United States
18456 Posts |
100% Copper is nothing but a fantasy . It won't happen IMHO  |
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Moderator
United States
187702 Posts |
Well, it would be 95% copper and sold at a premium just like we had in 2009.  |
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Valued Member
United States
86 Posts |
Soon to be extinct, it is fascinating to me that the penny gets a lot of love with collectors. Just look at some of values based on varieties etc.  |
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Pillar of the Community
United States
4588 Posts |
There are no plans to stop manufacturing the US Cent.
The reports are bunk, hogwash, hooey.
-----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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Replies: 50 / Views: 5,733 |
Posted 01/20/2022 08:30 am
