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Posted on 05/22/2025 8:10:55 AM PDT by marcusmaximus
The Treasury Department is phasing out penny production by early next year after President Donald Trump ordered the government to halt the “wasteful” minting of the coins.
The Treasury will stop making pennies by early 2026, which will require businesses to start rounding up or down to the nearest five cents, the agency confirmed in a statement to the Wall Street Journal on Thursday.
(Excerpt) Read more at washingtonexaminer.com ...
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Suits me! What cost a penny in 1956 now costs 26 cents.
That’s too bad. I grew up with pennies and I’ll miss them.
Already have my shiny 2025 Pennie’s 😀
A penny for your thoughts.
Oh wait, nevermind.
Nickels and dimes could got too, but we also need to assure that paper is accepted everywhere.
I look at some forums where coin collectors post stuff. Someone posted a penny from 1969 and asked if it was valuable because it was old.
That made me a little sad. LOL
I won’t miss them at all. But I still stop to pick them up when I am out walking.
How will Pennycostals collect their tithes and offerings?
I agree!
And I hate that “rounding up”!
Better stock up.
How many pennies can I get for a Krugerrand?
Haven’t seen any. Still haven’t seen ‘24 nickels, or dimes, either.
Can’t wait till my wooden nickel appreciates.
News for 2028, the new President Hillary announced that the one dollar bill will be stopped. Businesses will be required to round to the next highest $5.00.
you only have to round up if you use cash.
in digital transactions they can still be exact
https://en.wikipedia.org/wiki/Wooden_nickel
An American adage, “Don’t take any wooden nickels”, is considered a lighthearted reminder to be cautious in one’s dealings. This adage precedes the use of wooden nickels as a replacement currency, suggesting that its origins lie not in the genuine monetary value of nickels, but rather in their purely commemorative nature.[5][6][7]
In 2020, Tenino, Washington began issuing wooden scrip again to help its citizens and local merchants via its COVID-19 Grant Recovery program.[4] Upon successful grant application, the grantee would be able to spend the wooden scrip at participating shops in the town.[4] Alternatively, the recipient could use the scrip, or equivalent credit, towards their municipal utility bills.[4]
https://www.coinvaluechecker.com/wooden-nickel-coin-value/
Wooden nickel coins can be worth between $1 and $5 depending on the coin’s age and condition. Some antique wooden coins can fetch as much as $50, while newer ones may be worth as little as a few cents.
One of the most expensive wooden coins is the Olsen 1993 Liberty specimen nickel, worth a whopping $3,737,000.
Another high-value wooden nickel is the Buffalo Wooden Nickel, which imitates a 1918 doubled die obverse nickel minted in Denver. This wooden coin is worth $350,700.
The Buffalo Wood Nickel of 1926, which imitates the metal-based Buffalo nickel, was auctioned for $322,000.
Yup—the currency has been devalued by a factor of six since the early 1970s—so a nickel today is worth less than a penny was worth at that time.
in digital transactions they can still be exact
++++++++++++++++
If by exact you mean rounded to the nearest cent..
Rounding down, sure, like that'll ever happen even once anywhere.
Stock up! Pennies will become the rarest things on Earth!
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