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U.S. Treasury to Retire the Penny in 2026: End of an Era for the One-Cent Coin

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  The U.S. Treasury Department has officially announced plans to cease production of the penny starting in early 2026, marking the end of over two centuries of minting the one-cent coin. This decision follows a directive from President Donald Trump in February 2025, aimed at reducing government spending by eliminating the costly production of pennies.   Why Is the Penny Being Phased Out? Producing a single penny costs approximately 3.69 cents, nearly four times its face value. In 2024 alone, the U.S. Mint spent over $85 million to produce 3 billion pennies, resulting in a significant financial loss. By halting penny production, the Treasury anticipates saving about $56 million annually.   The penny's diminished purchasing power and limited use in daily transactions have also contributed to the decision. With the rise of digital payments and a general decline in cash usage, many pennies end up unused or discarded, leading to a continuous demand for new coins. ...
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numismatics coins that are very rare and hard to find

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My title Page contents Here are brief histories of each of the listed coins: Here is a link for a red book for values     click here 1. **1794 Flowing Hair Dollar**: The first silver dollar minted in the U.S. It features a flowing hair design of Liberty on the obverse and an eagle on the reverse.  2. **1804 Draped Bust Dollar**: Known as the "King of American Coins," these were struck in the 1830s as diplomatic gifts, despite the 1804 date. 3. **1913 Liberty Head Nickel**: Only five known examples exist. This coin was secretly struck at the Philadelphia Mint and became famous for its rarity and mystery. 4. **1933 Saint-Gaudens Double Eagle**: Most were melted down due to the Gold Reserve Act. Only a few escaped and are highly valuable. 5. **1943 Copper Penny**: Struck in copper instead of the wartime steel, these pennies are rare due to their accidental minting. 6. **1796 Draped Bust Quarter**: One of the earliest quarters produced, it ...
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The 7 Benefits of numismatics coin collecting

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Click here to buy silver   Coin collecting offers numerous benefits beyond just the joy of owning and studying coins. Here are seven benefits of coin collecting: 1. **Historical Insight**: Coins are miniature works of art that often reflect the history, culture, and politics of the time and place in which they were minted. Collecting coins allows you to gain insight into different periods and civilizations, providing a tangible connection to the past. 2. **Educational Value**: Coin collecting is an educational hobby that encourages learning about geography, history, economics, and art. Researching coins and their background enhances your knowledge and appreciation of diverse subjects. 3. **Investment Potential**: While not all coins are valuable, some can appreciate significantly over time, making coin collecting potentially lucrative. Investing in rare or precious metal coins can diversify your investment portfolio and serve as a hedge against inflation. 4. **Therapeutic Relaxatio...
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8 Things You Need to Know About numismatics coins

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Click here to buy silver Coin collecting is a fascinating hobby that combines history, art, and sometimes even investment potential. Here are eight things you need to know about coin collecting: 1. **History**: Coin collecting, also known as numismatics, has a rich history dating back thousands of years. People have collected coins for various reasons, including their historical significance, artistic beauty, and rarity. 2. **Types of Collectors**: There are different types of coin collectors. Some collect coins based on a specific time period, country, or theme, while others focus on acquiring rare or valuable coins. 3. **Grading**: Coin grading is essential in determining a coin's condition and value. Coins are graded on a scale from Poor (P) to Mint State (MS) or Proof (PR) for uncirculated coins. The condition of a coin significantly affects its worth. 4. **Coin Values**: A coin's value depends on factors such as rarity, condition, demand, and historical significance. Coins...
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What is PMD in numismatics coins

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Click here to buy silver Post mint damage (PMD) refers to any damage that occurs to a coin after it has left the mint and entered circulation or been handled improperly.  This can include scratches, dents, bends, corrosion, chemical reactions, or any other alteration to the coin's surface that was not part of the original minting process.  PMD can significantly reduce the value of a coin to collectors, as they generally prefer coins in their original, undamaged condition. In contrast, coins with PMD are often considered less desirable for collections or investment purposes.
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Gold and silver price drop

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 Has you known there has been a gold and silver price drop due to price manuiption. Make sure to have your different asset class in these times. That include gold/silver stocks and bonds.  Never get caught with all your eggs in one basket.  I get   paying stocks to fund my gold and silver purchases. So, in a way I don't have to keep working for the gold and silver. Also invest in a nice safe for your metals. Dont tell people what you have unless you want to get robbed. 
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Wheat cent key dates has numismatics coins

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  Firstly I would say thank you for viewing this blog,  For common wheat cents mostly 1940-1958 are worth roughly 6-10 cents according to eBay. That is g4 condition, For the 1909-s vdb in average condition is 700 usd roughly give or take, 1909-s which was minted after the 1909 s vdb  is worth 115 dollars in average condition. 1914-d wheat cent in av condition is worth 200 dollars in average condition. 1922 NO D is worth 600 usd 1931s is worth 95 usd
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