It doesn't make cents

[Deacon]

It makes no sense to make cents [link]

Each penny cost 3.69 cents to make.

Last week President Trump instructed the Secretary of the U.S. Department of the Treasury to stop making pennies.

 

[Scarlett O.]

It makes no sense to make cents [link]

Each penny cost 3.69 cents to make.

Last week President Trump instructed the Secretary of the U.S. Department of the Treasury to stop making pennies.

And if people knew that vast amount of money in lost and missing pennies that is out there - we would all be scrounging for them. An estimate of several million dollars of pennies are "lost". People toss them in the trash or don't pick them up off th ground.

There's a fortune out there - not at Oak Island - but just in lost pennies.

 

[Deacon]

I enjoyed collecting pennies as a kid... I collect wheaties but haven't seen one in the wild for years.
My mother collected pennies too.
And her father collected pennies... including a small handful of steel pennies from '44.
I've got them stacked in my closet.
Their combined worth isn't very much.
You'd never get rich collecting pennies.

Rob

 

[Silverhair]

But the right penny can be worth quite a bit more than a penny

1992-D Lincoln Memorial Penny (Close AM Variety) is Worth $11,896 or more in Uncirculated (MS+) Mint Condition.

1983 Lincoln Memorial Penny (Doubled Die Reverse Variety) is Worth $458 or more in Uncirculated (MS+) Mint Condition.

1909-S Lincoln Wheat Penny (S over horizontal S Variety) is Worth $129 in Average Condition and can be Worth $458 to $516 or more in Uncirculated (MS+) Mint Condition.

1909-S Lincoln Wheat Penny (VDB Variety) is Worth $909 in Average Condition and can be Worth $1,988 to $2,442 or more in Uncirculated (MS+) Mint Condition.

1922-D Lincoln Wheat Penny (No D Mint Mark Variety) is Worth $652 in Average Condition and can be Worth $10,374 to $18,882 or more in Uncirculated (MS+) Mint Condition.

1864 Indian Head Penny is Worth $42 in Average Condition and can be Worth $306 to $515 or more in Uncirculated (MS+) Mint Condition. Proof Coins can be Worth $1,315 or more.

 

[Deacon]

But the right penny can be worth quite a bit more than a penny

Looking through my grandfather's collection....he had 2 "Dansco" coin books dating from 1909 to 1941.
Everything he collected was circulated, he's got two 1909 pennies (Philly)
Then one penny from each year til 1917, then just about every penny from each Mint location.

As a kindergartener I was given a piggy bank> When I broke it open we found 6 Indian head pennies, 1888, 1901, 1902, 1903, 1906 and 1907.
The 1888 might be worth as much as $6 now.

Not many people get rich collecting pennies!

Rob

 

[Silverhair]

Looking through my grandfather's collection....he had 2 "Dansco" coin books dating from 1909 to 1941.
Everything he collected was circulated, he's got two 1909 pennies (Philly)
Then one penny from each year til 1917, then just about every penny from each Mint location.

As a kindergartener I was given a piggy bank> When I broke it open we found 6 Indian head pennies, 1888, 1901, 1902, 1903, 1906 and 1907.
The 1888 might be worth as much as $6 now.

Not many people get rich collecting pennies!

Rob

Wonder what they would do at Starbucks if you laid down that 1888 penny to pay for your coffee.

 

[canadyjd]

I inherited a small coin collection from my dad that includes a 1850’s penny. Has an Native image instead of Lincoln.

It’s worn, not worth a lot, but interesting to see.

Peace to you

 

[Blank]

It makes no sense to make cents [link]

Each penny cost 3.69 cents to make.

Last week President Trump instructed the Secretary of the U.S. Department of the Treasury to stop making pennies.

Interesting, I wonder how much it cost to make a nickel?

 

[Blank]

Interesting, I wonder how much it cost to make a nickel?

Putting it into the 'know-it-all' Google...

"They aren't the only expensive coin. Nickels cost about 13.8 cents to make in 2024, despite them being valued at only 5 cents. The disproportional cost of penny and nickel production isn't a new issue. Since 2006, both pennies and nickels have been more expensive to make than their face value."

 

[kyredneck]

I inherited a small coin collection from my dad that includes a 1850’s penny. Has an Native image instead of Lincoln.

It’s worn, not worth a lot, but interesting to see.

Peace to you

About 5-6 weeks after Mom passed, I found Dad counting out his old coin collection (all late 19th and early 20th century silver dollars, half dollars, and quarters) to take to the bank to cash it all in. I immediately wrote a check for face value of $58.25 for them all and informed my brothers of it. An amateur coin collector has appraised their value at $1400. We still have the coins, no hurry to sell.

 

[Blank]

About 5-6 weeks after Mom passed, I found Dad counting out his old coin collection (all late 19th and early 20th century silver dollars, half dollars, and quarters) to take to the bank to cash it all in. I immediately wrote a check for face value of $58.25 for them all and informed my brothers of it. An amateur coin collector has appraised their value at $1400. We still have the coins, no hurry to sell.

I had a decent coin collection as a kid, Indian head pennies, Buffalo nickels, even some half and two cent pieces, etc. etc., until one day a relative broke into our house and stole it all.

Matthew 6:19 ASV
Lay not up for yourselves treasures upon the earth, where moth and rust consume, and where thieves break through and steal:

 

[JonC]

When I was stationed in Germany we had no pennies (cost reasons) and the price was rounded. At first I didn't like it, but I also don't like change. I'm not sure it is as much a big deal now since we are largely a cashless culture.

 

[atpollard]

When I was stationed in Germany we had no pennies (cost reasons) and the price was rounded. At first I didn't like it, but I also don't like change. I'm not sure it is as much a big deal now since we are largely a cashless culture.

Just one small step towards needing the Mark of the Beast to buy and sell. (Someone had to say it, so I figured we might as well get it out of the way )

 

[atpollard]

Without pennies, all prices (including sales tax) will be rounded up to the nearest nickel. Without nickels, all prices (including sales tax) will be rounded up to the nearest dime.