Trump's Doge wants to end the Penny

[Silver4face]

On the subject of demonitizing coins: Canada stopped minting the cent in 2012. Banks stopped selling them to customers in early February of 2013. They were still accepted at banks in 2022, making them very valid and legal currency. I'm guessing that they are still legal today although some businesses might not honor/accept them. Looking for one of our Canadian members to chime in on this matter.

[Lemon Thrower]

Thats a good data point.

In the UK, they retire bills often and I think pound coins. The latter might have been because someone was counterfeiting them.

I believe the EU still has their pennies.

[Lemon Thrower]

Wait...why would they demonetize....has any US currency ever been demonetized?

Because its a large cost on the entire economy, not just the mint. Banks, shops, etc.

Has any US currency ever been demonetized? Not to my knowledge in the sense you mean.

But try to spend more than 10 pennies somewhere, its challenging. Or use FRNs at a stadium - sorry we only accept plastic.

[thecrazyone]

Yeah that whole stadium thing is crap. But that should probably have its own thread.

[MaxGravy]

Thats a good data point.

In the UK, they retire bills often and I think pound coins. The latter might have been because someone was counterfeiting them.

I believe the EU still has their pennies.

The EU has one and two cent coins.

[cwgii]

Yeah that whole stadium thing is crap. But that should probably have its own thread.

Lol. You mean like my ranting at businesses that the green stuff say, legal tender. And you have to accept it. Or my walking out ,when they say, card only.

[TXSTARFIRE]

Places that dont take cash dont get my buisness.

[Recyclersteve]

Those 2025's might be a keeper!

TOTALLY AGREE WITH THIS!

[thecrazyone]

Yeah that whole stadium thing is crap. But that should probably have its own thread.

Lol. You mean like my ranting at businesses that the green stuff say, legal tender. And you have to accept it. Or my walking out ,when they say, card only.

All of the above. I agree it's total BS. They always have one station for cash, but it's usually in the most inconvenient place.

[Recyclersteve]

I wonder how many were minted so far this year and if any of those are already making their way into circulation.

For 2025, so far there have been 242,400,000 cents minted.

82,400,000 Denver
160,000,000 Philadelphia

I wonder how many of those are still sitting at the mints… It could be that they might be FAR RARER than the above numbers suggest. Time will tell.

[Recyclersteve]

If there is anyone here from Canada or who visits Canada frequently, it would be interesting to know about obsolete pennies up there now. Are they still accepted in commerce? Do collectors still keep them? Do they sell for a premium?

[thecrazyone]

Great questions

[mtalbot_ca]

If there is anyone here from Canada or who visits Canada frequently, it would be interesting to know about obsolete pennies up there now. Are they still accepted in commerce? Do collectors still keep them? Do they sell for a premium?

Hello,

Being from Québec, I believe that my situation does not reflect 100% of the Canadian perspective but here it is in my neck of the woods :

1- Pennies are no longer accepted in commerce, only in banks
2- Pennies do sell for a premium but: (1) it takes time and (2) it is only in large lot, because they are purchased by those looking for specific varieties and to make it their effort, they need a decent amount to search (or have fun with)
3- Pennies sold easily for 3x up to 3 years past their decommissionning, then it became difficult.
4- The only thing that retains and attraction are solid new rolls. NEVER OPEN THEM.
5- As for the last year of prodution, they are still a thing, but only as rolls.

If I was in the US, I would buy anyhing that is new and start selling 3-months after they have been decommissionned at 3x-5x depending... Price will probably never go up past that point, only down.

My 2 cents, hopefully it helps.

[shinnosuke]

The Dr. speaks: https://x.com/RonPaul/status/1894171560694472765

Ron Paul says: The Federal Reserve Killed the Penny. Is MAGA Next?

[thecrazyone]

I am reading that p cents are appearing in FL and d cents in Cali.

[Doctor Steuss]

If there is anyone here from Canada or who visits Canada frequently, it would be interesting to know about obsolete pennies up there now. Are they still accepted in commerce? Do collectors still keep them? Do they sell for a premium?

Hello,

Being from Québec, I believe that my situation does not reflect 100% of the Canadian perspective but here it is in my neck of the woods :

1- Pennies are no longer accepted in commerce, only in banks
2- Pennies do sell for a premium but: (1) it takes time and (2) it is only in large lot, because they are purchased by those looking for specific varieties and to make it their effort, they need a decent amount to search (or have fun with)
3- Pennies sold easily for 3x up to 3 years past their decommissionning, then it became difficult.
4- The only thing that retains and attraction are solid new rolls. NEVER OPEN THEM.
5- As for the last year of prodution, they are still a thing, but only as rolls.

If I was in the US, I would buy anyhing that is new and start selling 3-months after they have been decommissionned at 3x-5x depending... Price will probably never go up past that point, only down.

My 2 cents, hopefully it helps.

Thank you for these insights from up north.

[Cu Penny Hoarder]

If there is anyone here from Canada or who visits Canada frequently, it would be interesting to know about obsolete pennies up there now. Are they still accepted in commerce? Do collectors still keep them? Do they sell for a premium?

Hello,

Being from Québec, I believe that my situation does not reflect 100% of the Canadian perspective but here it is in my neck of the woods :

1- Pennies are no longer accepted in commerce, only in banks
2- Pennies do sell for a premium but: (1) it takes time and (2) it is only in large lot, because they are purchased by those looking for specific varieties and to make it their effort, they need a decent amount to search (or have fun with)
3- Pennies sold easily for 3x up to 3 years past their decommissionning, then it became difficult.
4- The only thing that retains and attraction are solid new rolls. NEVER OPEN THEM.
5- As for the last year of prodution, they are still a thing, but only as rolls.

If I was in the US, I would buy anyhing that is new and start selling 3-months after they have been decommissionned at 3x-5x depending... Price will probably never go up past that point, only down.

My 2 cents, hopefully it helps.

And I have 30K 1964's in unopened RCM bank bags. I guess I'm not gonna be rich after all

[68Camaro]

If there were no BU 64s to be found, you could sell one and make a lot of money. But then as you dumped the others the price would quickly drop low, so you might be better off melting most of them! Lol

[Cu Penny Hoarder]

If there were no BU 64s to be found, you could sell one and make a lot of money. But then as you dumped the others the price would quickly drop low, so you might be better off melting most of them! Lol

Yeah, I've thought about that too. Maybe in 200 years someone will find my hoard and name it after me.

[Doctor Steuss]

If there were no BU 64s to be found, you could sell one and make a lot of money. But then as you dumped the others the price would quickly drop low, so you might be better off melting most of them! Lol

Yeah, I've thought about that too. Maybe in 200 years someone will find my hoard and name it after me.

Lol.

"Up next, we have a slabbed, and certified coin from the Cu Penny Hoarder find. This particular specimen, like many, is ungraded because most of the value is contained in its story and discovery..."

[Slaphot]

Looks like the only place to buy copper cents right now is Ebay...and here.

https://www.youtube.com/watch?v=Nk3HTskCOzQ&t=780s

Penny talk starts at 3:25

[Silver4face]

Looks like the only place to buy copper cents right now is Ebay...and here.

https://www.youtube.com/watch?v=Nk3HTskCOzQ&t=780s

As far as the internet goes, you are probably correct. But I buy them FOR FACE quite often

Penny talk starts at 3:25

[Silver4face]

Looks like the only place to buy copper cents right now is Ebay...and here.

https://www.youtube.com/watch?v=Nk3HTskCOzQ&t=780s

Penny talk starts at 3:25

I tried to watch THIS video. Never got it. Yes I saw a Headline about 95 percent copper pennies, but the only video was analysis of a Michael Jackson song (Billy Jean). Perhaps you sent the wrong link. Can you repost?

[thecrazyone]

"HEE hee...." -MJ

[willy13]

Rewind the video to 3:25 for the talk on copper cents.