Tag: elimination of cents

CoinWeek News Wire for July 28, 2017

CoinWeek News Wire for July 28, 2017

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 […]

CoinWeek News Wire for June 30, 2017

CoinWeek News Wire for June 30, 2017

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 […]

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

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

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 […]

CoinWeek Podcast #49: Q&A with U.S. Mint Principal Deputy Director Rhett Jeppson

CoinWeek Podcast #49: Q&A with U.S. Mint Principal Deputy Director Rhett Jeppson

CoinWeek Podcast #49: Q&A with U.S. Mint Principal Deputy Director Rhett Jeppson Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. Rhett Jeppson is the Principal Deputy Director of the United States Mint, a position he has held since January 2015. President Barack Obama nominated […]

Guest Commentary – Harvey Stack: Cents and Nonsense

Guest Commentary – Harvey Stack: Cents and Nonsense

By Harvey Stack – Founder, Stack’s Bowers ……   The United States Mint has announced that they are considering stopping the issuance of cents, often called pennies, because of the cost to make them. Since that announcement, the cost of copper has dropped on the world metal markets and it led me to think that […]

The Coin Analyst: Eurozone Considers Eliminating One and Two Cent Euro Coins

The Coin Analyst: Eurozone Considers Eliminating One and Two Cent Euro Coins

by Louis Golino for CoinWeek ……… The 17 members that share the euro, known as the Eurozone, are considering eliminating the two lowest denomination circulating euro coins, according to a new report from the European Commission. The European Commission is the European Union’s executive branch. The proposals put forth in the May 14 report would need to be crafted […]

Royal Canadian Mint Offers Pennies to Mark the End of Distribution as it Launches its Latest Collector Coin Offering

Royal Canadian Mint Offers Pennies to Mark the End of Distribution as it Launches its Latest Collector Coin Offering

20,000 rolls of the last million distributed pennies joined by the 25th anniversary of the Silver and Platinum Maple Leaf bullion coins; a second glow-in-the-dark dinosaur coin; a new Tradition of Hunting fine silver series; and more gold and silver wildlife-themed coins After saying farewell to the penny with the final distribution of this iconic […]

 
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