The United States Mint has officially ended the production of the penny after over 230 years. This action signifies an historic cost-saving move, discontinuing the lowest denomination coin in U.S. currency. The move to stop penny production was primarily attributed to former President Donald Trump, who ordered the discontinuation, greatly impacting the coin retailer sector. With the completion of the final penny pressing in Philadelphia, citizens and coin enthusiasts alike are considering what the future of U.S. coins and currency might look like.
In contrast, the South Africa mint is moving forward with its 'Big 5' Bullion and Proof Coin Series highlighting notable wildlife like the White Rhinoceros. In other coin news, interesting developments are being noted in the cryptocurrency sector. Despite a 5% drop in stock value, $COIN has received a 'Buy' rating from analysts. Additionally, Coinbase, under the stock symbol COIN, has surged back to its listing day valuation, posing the question of what's next for the company. In a bid to incentivize long-term activity, platform Pump.fun has launched a revenue sharing feature for coin creators.
Meanwhile, specialized coin slot machines and rare coin collections continue to pique hobbyists' interest. The significance of coin change is even being noticed in UK, where new coin and cash layouts are being introduced for the first time in 17 years. Speculation surrounds a proposal to mint a $1 Trump coin to commemorate the 250th anniversary of U.S. Independence. The confirmation or denial of this coin could significantly influence the coin market in the near future.
FOR Coin News Analytics from Wed, 04 Dec 2024 14:36:42 GMT to Wed, 12 Nov 2025 23:18:51 GMT - Rating 7 - Innovation -5 - Information 5 - Rumor -5