All articles tagged with #us mint
California Governor Gavin Newsom announced the public release of the Steve Jobs American Innovation Coin, honoring Jobs as California’s pick for the U.S. Mint’s Innovation Coin Program. The coin features Jobs with a Northern California landscape and goes on sale to the public tomorrow.
President Donald Trump said he wants to visit Fort Knox to confirm the U.S. gold reserve remains secure and has floated the idea of an audit; Elon Musk had previously suggested a live Fort Knox tour. The U.S. Mint says Fort Knox holds about 147.3 million troy ounces of gold with a book value around $42.22 per ounce, totaling roughly $700 billion, and that little gold has been transferred in decades.
The piece outlines Trump’s expanding influence on U.S. coinage ahead of the 250th anniversary: approval of a 24-karat gold commemorative coin, a potential new $1 coin, a redesigned dime without the olive branch, changes to the abolition/civil rights quarters, and a collectible 1776–2026 penny, all while noting legal limits on depicting living presidents and Mint/Treasury processes.
A federal arts commission approved the final design for a 24-karat gold commemorative coin bearing President Donald Trump's image to mark America's 250th birthday, paving the way for the U.S. Mint to begin production; the size and denomination are still undecided, and while federal law prohibits living presidents on currency, Treasury officials say the secretary’s authority allows minting of such a coin.
The U.S. Commission of Fine Arts unanimously approved plans for a non-circulating commemorative gold coin featuring Donald Trump, a move that raises legal questions about depicting living presidents on currency. Supporters frame it as a milestone for the 250th anniversary year, with a large design (up to about 3 inches) drawn from a National Portrait Gallery image, while critics call it unlawful and inappropriate for a sitting president. The Trump administration is also pursuing related image-placement efforts (a $1 coin, institutional naming, and other projects) that are similarly contested in court.
The US Commission of Fine Arts approved the final design for a 24-karat gold commemorative coin bearing Donald Trump's image to celebrate the nation's 250th birthday; production will begin but the coin's size and denomination are still undecided, and there is debate over depicting a living president on currency.
The U.S. Mint is poised to begin producing a commemorative coin honoring former President Donald Trump.
The U.S. Commission on Fine Arts approved a 24-karat gold commemorative coin depicting Donald Trump to mark the 250th anniversary, despite debates about whether political figures should be portrayed on U.S. currency; the administration plans additional Trump-themed coins.
The US government stopped minting pennies in 2025 due to high production costs, leading to a surge in public interest and speculative buying of new pennies, which experts warn is driven by scams and hype rather than genuine value, as the coins are produced in large quantities and are not rare.
The last U.S. pennies ever produced were sold at auction for a total of $16.76 million, with the final set fetching $800,000, marking the end of an era in American coinage and sparking significant interest among collectors.
The last US pennies minted in 2025, featuring a Greek omega symbol, sold for over $16.76 million at auction, with the final set fetching $800,000, marking a significant numismatic event amid the halt in penny production due to cost concerns.
The US Mint has stopped producing the 1-cent coin after over 230 years, citing financial inefficiency and modernization, with the final coins minted in 2025 and set to be auctioned off, marking the end of an era for the penny.
The US has officially stopped minting pennies after a production that began in 1793, citing cost inefficiencies as pennies cost more to produce than their face value. While still legal tender, pennies will no longer be produced, and transactions may be rounded to the nearest five cents. Other countries have also phased out low-denomination coins, citing similar reasons.
The US Mint has stopped producing the penny as legal tender, citing its high production costs exceeding its value, with the final coin struck and set for auction, though pennies remain legal tender and in circulation.
The US Mint in Philadelphia is set to produce its last circulating penny as President Trump ordered its discontinuation due to high production costs exceeding its value, leading to a phase-out that has caused some logistical challenges and nostalgic sentiments.