Last of the cents

I just heard a news report that the mint won't order any more penny plachets after the current batch runs out. Anyone else hear this?

 

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BBC online mentioned it - article in WSJ, confirmed by Treasury it seems.
US Treasury confirms the end of the penny - BBC News
It doesn't mean it will vanish overnight - but it is the beginning of the end.

 

We started using pennies instead of cents??!!

 

Remember, "Hold on to your Wheaties the Breakfast of Champions."

 

The reality is that initially the final year of cent production will see a flood of sales on the secondary at astronomical prices only to drop equally in the future as they will not be "rare" or any different than the billions of any previous year. At best they'll level off at a slight premium. Let's see if I'm right.

My only concern is the rounding to five cents when applied to taxation. My state charges 6% and I do not see them dropping to 5%. So it looks as though things are only getting higher where that's concerned.

 

So spend $5 at a time. It's getting easier every day.

 

The Missus and I were just discussing that right NOW might be a good time to start filling-in those Key and Semi key as well as older Proof date holes in my collection...primarily slabbed but not shooting for highest grades...just nice examples. I have an old circulated collection in a brown album that I'm sure will remain easily relatively easy updatable.

 

Glad I got my 2025 cents when I had the chance. I wonder if they will make NCLT cents for proof sets.

 

I'm still getting a steady stream of 2025 (P) cents in change here in central NC.

 

In the imortal words of the Chicago Cubs...

"Wait until next year"

The # of planchets they've ordered will take them into 2026.

 

My collection of intended-for-circulation small cents is missing a 2025-P, an 1877 and a 1909-S (IHC). Plus a couple of "varieties": 1909-S VDB and 1960-P small date

 

Last night on the local news this was reported. The mint just placed their last order of blank planchets for pennies. The reason given was a cost of four cents to mint one cent due to higher zinc and copper costs.
The last line to this news report was that nickels were worse as eleven cents is needed to mint a five cent coin.
Maybe it would be cheaper to mint them if the metal was changed to zinc. Lol

 

Just saying: the cheapest metal by volume is metallic sodium. If you're going to go for a more-reactive metal as the core of your planchet (which is what causes Zincolns to rot so promptly), why not go big?

 

Jesus tap dancing Christ, humans are the stupidest people on earth. My dog (who, btw, is a person, according to him) could figure out the math on this one!

 

Do you have a license to know this kind of stuff?

 

Nope. So trust me as much as you'd trust an unlicensed electrician. Might give you straight info, might burn down your house.

 

I'm a certified smart *** - somewhere in my files I really do have a certificate.

 

No need to change the tax rate you still apply the same rate and then round the final amount up or down to the nearest 5 cents. Some times it will be in the governments faver, but never more than two cents, and sometimes it will be in your favor, but never more than two cents. In the long run the your favor/ their favor evens out and it's a wash. No net difference than what it is today.

In that case it probably won't be enough to avoid a low mintage rarity, which they try to avoid, so earmark the excess for Mint Set Only (maybe proof set too?) cent production. Might get sales up, and if the can keep the planchets from going bad they'd probably have enough for a long time.

It has gotten a lot better then. The 2024 annual mint report put the cost of each five cent piece at $0.177 cents each.

But if you change them to zinc they won't work in vending machines set to accept the current 5 cent pieces. They will be loo light. They got away with it on the cent because vending machines didn't take cents. And you can't increase the thickness or diameter to make up for the weight because they would still be out of size spec and not work.

 

Nothing in the elimination of the cent coin affect electronic

 

Yes but the government really doesn’t care. It becomes the vending machine producers problem.