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US Treasury Ordered To Stop Producing New Cents

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jbuck's Avatar
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157722 Posts
 Posted 02/20/2025  11:02 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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I received my notification yesterday to validate info for my subscription to the 2025 proof set. Here we go!
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SaturnD51's Avatar
United States
395 Posts
 Posted 02/20/2025  7:24 pm  Show Profile   Bookmark this reply Add SaturnD51 to your friends list Get a Link to this Reply
jbuck I too will order one too. I also put in for the unc sets. Got to have reminders of what we will be missing.
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perfessor's Avatar
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 Posted 02/21/2025  11:45 pm  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
Wow this is an entertaining thread. It took me most of the day to read all of it. I agree with most of the statements made.

I just have one question for the Canada folks:
When Canada stopped making cents in 2012, did businesses change the pricing to round to 5 cents (like 99 cents to 1 dollar), or did the posted charges stay the same? Were individual items rounded or just the total price (including tax)?
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Canada
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 Posted 02/22/2025  01:41 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Individual item prices were/are not rounded.
The total purchase price is rounded only for cash transactions, non-cash transactions are unchanged.
"Dipping" is not considered cleaning...
-from PCGS website
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perfessor's Avatar
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 Posted 02/22/2025  4:20 pm  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
So basically, dropping production of the one cent coin should be a done deal. At least as far as circulation mintage goes. Will it happen? I hope so. It seems that other countries had no effect on listed prices.
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jbuck's Avatar
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 Posted 02/23/2025  11:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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jbuck I too will order one too. I also put in for the unc sets. Got to have reminders of what we will be missing.
Excellent!
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jbuck's Avatar
United States
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 Posted 02/23/2025  11:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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Individual item prices were/are not rounded. The total purchase price is rounded only for cash transactions, non-cash transactions are unchanged.
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jbuck's Avatar
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 Posted 02/23/2025  11:55 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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So basically, dropping production of the one cent coin should be a done deal. At least as far as circulation mintage goes. Will it happen? I hope so.
I wish people down here were better educated to how things actually work in the real world and not primed to accept the FUD crammed down their throats by unscrupulous talking heads.
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Russian Federation
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 Posted 02/23/2025  1:50 pm  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply

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Individual item prices were/are not rounded.
The total purchase price is rounded only for cash transactions, non-cash transactions are unchanged.


In Israel in the early 2000s, a few years after the discontinuation of the 1 agora (0.01 shekel) coin, approximately all the prices ended in .99, and totals were rounded to the nearest 0.05 at the register (at least for cash transactions, but AFAIK noncash was still mostly an exception in those days).

In modern Israel, the lowest coin is 10 agorot (0.10 shekel), and most prices end in .90 (though .00 is also common, and sufficiently cheap items can be all over the place), but there are a few officially-regulated prices that end in random numbers (e.g. 7.07 for a liter of milk), and of course if the price is per kilogram it can become any number after multiplying by the actual weight.
At the end the prices are indeed rounded (usually to the nearest 10 agorot, sometimes to the next lowest 10 agorot, treatment of values ending in 5 varies by store), and indeed only for cash transactions (though at a few places with sufficiently nonautomated cash registers I've seen the sums rounded before being entered into the card receiver).
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