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Replies: 13 / Views: 1,095 |
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Valued Member
United States
372 Posts |
AI Overview The cost to the U.S. Mint to store two billion (2,000,000,000) 2025 Lincoln Shield cents is not explicitly available, as the Mint stopped producing pennies in November 2025. However, the cost would be based on storage expenses for a facility and security for a large quantity of low-value coins. Since the Mint no longer produces the Lincoln Shield cent, it will not be storing any new 2025 cents. Production stopped: The U.S. Mint ceased production of the one-cent coin on November 12, 2025. Storage: Storage costs would vary depending on the facility, security, and handling required. There is no public information on the specific storage costs for pennies. Value: The 2,000,000,000 cents would be worth $20,000,000. Production cost: As of 2024, the production cost was $3.69 cents per penny. Discontinuation: While the Mint stopped producing pennies, the existing ones remain legal tender. *** Moved by Staff to a more appropriate forum. ***
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Valued Member
United States
425 Posts |
goldnugget you gave me an idea. I have lots of room in my basement so maybe I should contact the mint and let them know I will take a few million or so cents off their hands and store them. I guess if I called them and once the laughing stopped on the other end of the phone they would hang up on me. I just do not understand how all those people get boxes of 2025 from banks. My bank near Detroit Mi. will not give me squat.
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Pillar of the Community
 United States
4587 Posts |
$0
The mint doesn't store coins. They are monetized as they are shipped to the Fed's Contracted Coin Terminals in their ballistic nylon bags. One ton (ish) at a time.
-----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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Bedrock of the Community
 United States
24878 Posts |
Quote: AI Overview
Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
 United States
10472 Posts |
Quote: The mint doesn't store coins. I was gonna say - "Store them where"?
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Moderator
 United States
187446 Posts |
Quote: "Store them where"? Did you hear? The Mint has a QUC. 
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Pillar of the Community
United States
1613 Posts |
Where ever they are stored, most likely a contracted armored carrier, there are other denominations that more than make up for the cost incured.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Bedrock of the Community
 United States
24878 Posts |
Outside in the rain would be fine by me. Even better if it was near salt water.
Inordinately fascinated by bits of metal with strange markings and figures
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Forum Dad
 United States
24147 Posts |
AI... 
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Moderator
 United States
187446 Posts |
Quote: Outside in the rain would be fine by me. Even better if it was near salt water. 
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Moderator
 Australia
16805 Posts |
The AI was confused by your question, because there is no answer to it.
Freshly minted pennies don't get "stored" in some giant warehouse somewhere. They get shipped out immediately to banks, as demand exceeds supply. This is evidenced by banks restricting or eliminating acquisition of pennies in bulk pretty much as soon as the cessation was announced. If there were giant warehouses somewhere full of pennies, then there wouldn't be such an immediate penny shortage right now.
There's costs of shipping, which the government will save due to the cessation, but not storage.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Moderator
 United States
187446 Posts |
Quote: The AI was confused by your question, because there is no answer to it. I learned a long time ago that "I do not know" is a perfectly acceptable answer to a question. Once AI figures that out, then I will be impressed.
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Pillar of the Community
United States
2270 Posts |
Quote: goldnugget you gave me an idea. I have lots of room in my basement so maybe I should contact the mint and let them know I will take a few million or so cents off their hands and store them. I guess if I called them and once the laughing stopped on the other end of the phone they would hang up on me. I just do not understand how all those people get boxes of 2025 from banks. My bank near Detroit Mi. will not give me squat. This is exactly what many people do who store new pennies and some have been doing this since as far back as the about 1968. Many put them in barns, basements, storage spaces, attics, etc etc etc and many of these coins have gone bad. Garages and basements wipe them out in floods and everywhere else in fire. The coins can not take many years of poor storage and this is the fate of significant percentages of all things stored. They can't persist. This is especially true of many of the zincolns. Even '84 and '85 are going bad in very stable mint set packaging with '84 nearly as stable '85 packaging. I seriously doubt anyone can come up with ten well struck Gems of the '84-P with attractive flat surfaces. Obviously it also needs to be free of carbons spots to which these are prone. It doesn't matter much because most are rotting away anyway. Of course the irony is that individuals who stuck aside nice pennies and preserved them might be the real winners because so many mint set coins have been destroyed. Some dates might be destroyed nearly universally like the '68 cent. It had to be pulled out long ago and soaked in alcohol before proper storage. The coin is common in nice attractive BU and there are lots of gemmy coins but it was somewhat unusual in true Gem. It might have been as common as 4% of mint set coins. But those still in the packaging today are atrocious. You might be able to find a Gem under a light (easily removable) haze but most of what used to be Gem are carbon spotted and tarnished. "Most" don't even survive anymore because they ended up in "circulation" where attrition is simply staggering. People who collect coins in uncirculated condition have a different perspective. We tend to want coins we consider pristine in every category. For my circ collections I add in nice pristine wear above a perfect Gem. Maybe some day people will collect such coins and discover just how few 1968's survived the last half a century. Of course the hardest part has always been getting out of the mint with their skins intact.
Time don't fly, it bounds and leaps.
Edited by cladking 11/29/2025 1:03 pm
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Pillar of the Community
United States
2270 Posts |
Quote: I learned a long time ago that "I do not know" is a perfectly acceptable answer to a question. Once AI figures that out, then I will be impressed. Ah, but that's the beauty and power of AI. It predicts what you're going to say! It knows a reality we overlook. It doesn't give you an answer but every possibility. This works out great because it predicts. It's an incredible tool but never forget that it reflects your models and your belief nothing else. The less it knows about you the harder it is to reflect much of anything. Intentionally give it clues about your thinking and perspective. It's easy to be appalled by responses but the problem is the prompt. A cold AI can completely miss any kind of formatting including plain English. It's easy to forget how many clues we have when we're talking to one another. There's inflection, expression, and word choices to parse meaning but AI lacks these. It has to deduce intent from almost no clues at all. The actual costs are probably far more nominal than most think. As long as you lock the door no professional criminal would waste his time trying to fence something that has no value because it can't be moved. Banks don't buy a lot of pennies for ten cents on the dollar from crooks. In the case of '25 cents I doubt there's little danger of too few for a very long time. But who knows what lurks in these huge mintages.
Time don't fly, it bounds and leaps.
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Replies: 13 / Views: 1,095 |
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