Category Archives: elimination of cents

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CoinWeek Podcast #173: My Time at the United States Mint, With David J. Ryder

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  Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. In this episode of the CoinWeek Podcast, Editor Charles Morgan speaks to former United States Mint Director David J. Ryder. Absolutely nothing was off the table. Charles and David discuss Treasury Secretary Steve Mnuchin’s notorious […]

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Mint Director Ventris Gibson Answers Media’s Questions at U.S. Mint Roundtable

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On August 9, 2022, Ventris C. Gibson, the Director of the United States Mint, invited members of the numismatic media to a press roundtable at the World’s Fair of Money. CoinWeek editor Charles Morgan attended alongside Larry Jewett (Coin World), Dr. Ursula Kampmann (MuenzenWoche), and Amanda Miller (ANA). What follows is a transcript of the […]

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Royal Canadian Mint Pays Tribute to 10th Anniversary of the Last Penny

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On May 4, 2012, the last penny was struck in Winnipeg, Manitoba. Ten years later, the Royal Canadian Mint is boldly commemorating that special moment in numismatic history with the 2022 5 oz. One-Cent Fine Silver Coin – 10th Anniversary of the Farewell to the Penny. This imposing coin features a modern interpretation of the […]

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Could COVID Kill the Penny?

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By Blanchard and Company, Inc …… The COVID-19 pandemic has created a nationwide coin shortage. Shoppers are relying on debit and credit cards to avoid touching cash, which can carry germs, but that’s left parts of the nation short on spare change. Here’s what the Federal Reserve recently said on that topic: Business and bank […]

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Bahamas to Eliminate the One Cent Coin, But Will the United States Follow?

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Bahama Cent to be Eliminated By Joshua McMorrow-Hernandez for CoinWeek ….. While the United States continues pumping out billions of one-cent coins, the Bahamas will become the next country to eliminate its one-cent coin. The island nation, sitting less than 100 miles east of West Palm Beach, Florida, will officially demonetize and withdraw its one-cent […]

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CoinWeek News Wire for January 19, 2018: HODL or Buy Gold? Coinage Contraband…

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By Coinweek Coin News Wire …. Coin News Wire for January 19, 2018 Brain Food 1.) Who Really Designed the American Dime? …[I]t takes a keen eye to see the very subtle “JS” just beneath Franklin D. Roosevelt’s truncated neck. These are the initials of John Sinnock, the U.S. Mint’s Chief Engraver from 1925 to 1947, […]

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Education’s Role in Developing the Future of the Coin Hobby

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By Gary Adkins – President, American Numismatic Association (ANA) ……   [Originally delivered at the Second United States Mint Forum on October 17, 2017. —CoinWeek] Thank you Director Motl and your generous staff for inviting me to speak at your annual United States Mint Forum. It is a privilege to be here with you and […]

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COINS Act to Reform US Currency Gains New Support in Congress

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Would Provide $16 Billion in Budget Savings By Dollar Coin Alliance …… Three Members of Congress have signed on as co-sponsors of the bipartisan Currency Optimization, Innovation, and National Savings (COINS) Act of 2017 (H.R. 2299), an effort that will modernize U.S. currency in order to save American taxpayers at least $16 billion. Rep. Mike […]

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COINS Act to Reform US Currency Gains New Support in Congress

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Would Provide $16 Billion in Budget Savings By Dollar Coin Alliance ……   Three Members of Congress have signed on as co-sponsors of the bipartisan Currency Optimization, Innovation, and National Savings (COINS) Act of 2017 (H.R. 2299), an effort that will modernize U.S. currency in order to save American taxpayers at least $16 billion. Rep. […]

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CoinWeek News Wire for July 28, 2017

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By Coinweek ….   CoinWeek News Wire for July 28, 2017:  Digital Cash Revolution 1.) UPDATE: “WE ARE DECLARING WAR ON CASH,” BANK SPOKESMAN ANDY GERLT …[A]mong the people championing the convenience of a cashless society are those who use iphones to buy Starbucks coffee. These devotees who will sacrifice freedom for convenience will not […]

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CoinWeek News Wire for June 30, 2017

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By Coinweek …. CoinWeek News Wire for June 30, 2017 Brain Food 1.) Making Cents of Currency’s Ancient Rise Objects that occurred rarely in nature and whose circulation could be efficiently controlled emerged as units of value for interactions and exchange. These included shells such as mother-of-pearl that were widely circulated in the Americas and […]

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CoinWeek News Wire for June 30, 2017

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By Coinweek …. CoinWeek News Wire for June 30, 2017 Brain Food 1.) Making Cents of Currency’s Ancient Rise Objects that occurred rarely in nature and whose circulation could be efficiently controlled emerged as units of value for interactions and exchange. These included shells such as mother-of-pearl that were widely circulated in the Americas and […]

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One Way or Another: New Legislation Seeks to Change America’s Circulating Coinage

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Two recent Republican bills aim to save taxpayers money By Hubert Walker for CoinWeek …. Two new pieces of legislation have been introduced (in one instance, reintroduced) to Congress that seek to alter the landscape of our nation’s circulating coinage. COINS Act of 2017 Republican Senators John McCain (AZ) and Michael Enzi (WY) introduced the […]

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