Are cents on the short list?...

Is the cent being taken out of circulation by 2022? I read that it is possible. Should I keep a box of 2022 cents because it may be the last year?

 

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Most likely not, I give it a 3% chance by 2022 assuming things keep going where they're headed.

With that said, even if they do decide to cancel the penny; the mintages of every year have been so dramatically high that a box of the last year would be a novelty, not an investment.

 

With that kind of odds, I will wait.

 

I haven't heard anything about the cent actually being discontinued.

 

I am a victim of google search. Here is the article I read and DID NOT see the disclaimer at the bottom which read April fools. So sorry for posting this...
Death of the Penny - US Mint to Cease Penny Production in 2022

 

I can't help but wonder how long these zinc cents will last anyway. One recently got into my washing machine and when I pulled it out one third of the plating was washed off.

 

We've been hearing that rumor for decades now.

 

P.T. Barnum loves me right now...

 

It just won't be worth it

 

Get rid of the cent and nickel. Round total purchase to the nearest dime.
If this hurts you financially you might want to re-evaluate your financial
position. Next eliminate the $1 bill, the $2 bill along with the $5 bill.
Replace them with coins. I can't believe that people couldn't tell the
difference between a Washington quarter and a Susan B. Anthony dollar.
Can they not tell the difference between a $1 bill and a $5?

 

1. Get rid of the cent; go to 5¢ rounding.
2. Redesign the nickel so that doesn't cost more to make than it's face value.
3. Get rid of the $1 bill; there are plenty of $1 coins stored away ... but not the silver-colored $1 coins. Use the Sacagawea; the color difference will help. Probably have to incorporate something like Braille markings for the sighted-impaired.
4. Free all the $2 bills from Gov't vaults and get them circulating. That will help assuage many of the $1 coin "pocket buster" people.
5. Polymer (plastic) currency should be considered.

Later, after those changes are largely accepted, 10¢ rounding and $2 coins can be considered.
I'm not so sure about $5 coins.

Finally, no matter what you do, there will be a group that will complain.

 

I've been hearing that rumour since I was a brat back in the 1970's.

 

If the cent does disappear from circulation in 2022, I hope that the mint continues to make the coin for Proof and Mint sets. The cent is the only U.S. coin that has been made for circulation every year, except 1815. It would be a shame to break the string for collectors.

 

As a student in the 70's it was always we are going to the decimal system. Been bout 50 years and we didn't yet. I think the one cent piece will be around awhile longer too.

 

I totally agree.

 

I figured that the government has finally found a way to beat inflation and keep the bad money from driving out the good-- Coins that self-destruct! lol.

 

I remember all that metric stuff in the 3rd grade then, and how in 5-10 years everything would be metric. It has been 40+ years since then and the only metric measures I ever see are soda bottles in 1.25 and 2 litre sizes.

 

Thanks for the responses, now confident the cent will last well into the future...

 

1. no objection
2. Can't be done without replacing or reprograming every piece of coin handling equipment in the country, and who pays for that? we can create new coins that co circulate without modification but which will still cost more than 5 cents apiece to make, or we can make coins that cost less but which can not co circulate with existing coins without extensive and expensive modification to existing equipment.
3. I could go along with that since the coin lasts longer, but with the increase use of digital payments dollar bills are now lasting long enough that the coin is no longer cheaper over its projected lifespan. We missed that window of opportunity.
4. If the dollar note is discontinued the $2 note will come into much more common use on its own accord, no official efforts would need to be made to promote its use.
5. No objection to polymer notes, but if polymer $1 notes were made it would mean even greater life span for them an dput the cost argument against the dollar coins at an even greater advantage.

That was because the government was supposed to make the switch over mandatory, but then they chickens out and allowed it to be voluntary. No one volunteered. Believe it of not officially we have been on the metric standard since 1866, but the politicians have never had the intestinal fortitude to mandate the changeover. So 154 years later we are still using the old "english" system that no one else in the world uses.

I take that back we are not the only country that doesn't use the metric system. we are right up there with Liberia and Myanmar, but Myanmar is in the process of switching. And even the US has a Metric Program in the US government to switch us over, and back in 2013 the number of government employees in the program doubled.....there are now two of them.

 

What are you going to do with a box of 2022 zinc atrocities?
They are already decomposing and they haven't even been minted yet.