Executive Order to stop minting cents

see attached image..

 

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Does this make all existing pennies more valuable?

 

This will just lead to a shortage of pennies unless legislation for rounding cash purchases is passed. Depending on how many were made so far in 2025 it will likely be a lower mintage year.

Who knows if he even has the legal authority to do that by executive order.

 

About time. Get rid of the nickel as well. While the chopping block is out, the paper dollar,two dollar,five and ten dollar need to go as well. Replace them with
coins.

 

In case folks are curious on mintage figures for 2025 so far



Source: https://www.usmint.gov/about/production-sales-figures/circulating-coins-production

Is anyone aware if ANY 2025 Lincoln cents have been sent to banks yet?

 

Even a broken old time face clock is right twice a day

 

That is a great question.

 

This is not thought out, at all. Good idea or not, there needs to be an announcement of the date it will stop, what merchants need to do to prepare, what banks need to do to prepare, etc.

 

Another crazy ploy by our great Gov't of today.
Doesn't make cents, does it?

 

Just build huge wishing wells in all banks for these poor cents.

 

Can it be legally stopped with an Exective Order?

 

Only at McDonald's.

 

Well that's a very good question. I thought Congress decides what the mint produces. Maybe it's what Elon Musk decides now.

 

That's what the Treasury Secretary is in charge of working out after being informed they need to stop.

 

I've been on the ditch the cent train for a while. But, I'm sure mining interests will not be too happy. But, if they do get rid of it, will older copper cents be legal to melt? I agree, there must be a plan of some sort put into place, not simply an abrupt stop.

 

Congress can authorize a design change or composition change or a new denomination. Other than commemoratives and some precious metal issues, they don't legislate how much of anything must be produced. The Treasury Department can have the mint stop producing something if it's not needed.

 

I was wondering the same thing. It will likely be phased in next year. There plenty of pennies for it not to be an issue for years unless everyone starts hoading those cheap alloy zincs too. Will merchants round up or round down on cash purchases? It won't make any difference for elecronic transactions. I rarely use cash except for really small purchases, I never have change in my pockets. The change I have now is stuffed in a zip lock bag in my vehicle for such purposes and it's not accumulating at all.

 

As long as payments via credit card and other electronic means continue to allow for payments to the nearest cent, I don't see a huge issue here. If they force rounding to the nearest nickel, though, I will not be happy, as this would essentially constitute a price rise on nearly everything currently priced at $1.99, $2.99, etc.

 

We don't mint pennies in this country
we mint Cents in this country

Let's get it straight

 

How does the 242 million cents minted so far this year compare to a typical year's mintage???