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President Trump's order to stop making "pennies" is not the first time the federal government discontinued the production of a coin denomination for use in circulation, explains veteran rare coin dealer and award-winning numismatic author Dr. Michael Fuljenz, president of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas. "The last time that happened was 92
In 2024, U.S. Mint data showed a fourth straight year of declining coin production, with annual output reaching its lowest level since the post-Great Recession recovery. Mint facilities delivered just over 5.613 billion coins to Federal Reserve Banks for circulation, marking a 50.7% decrease from the 11.381 billion coins struck in 2023. This was the
Magnificent coins from an extraordinary collection of large cents featuring every one of the Sheldon number varieties from 1796 through 1814 will land in new collections when they are sold January 9 in Heritage's The COL Steven K. Ellsworth Collection of US Large Cents 1796-1814 US Coins Signature® Auction as part of the FUN Convention